Mizuho Securities USA LLC Sells 19,677 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mizuho Securities USA LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,950 shares of the semiconductor manufacturer's stock after selling 19,677 shares during the quarter. Mizuho Securities USA LLC's holdings in Advanced Micro Devices were worth $17,220,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Creative Capital Management Investments LLC boosted its position in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 86 shares during the last quarter. ZRC Wealth Management LLC raised its holdings in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares during the period. Morton Brown Family Wealth LLC raised its holdings in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC purchased a new position in Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Semmax Financial Advisors Inc. raised its holdings in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a "buy" rating on the stock. Bank of America reiterated a "buy" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 28th. Finally, StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $192.79.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 0.3 %

NASDAQ AMD traded down $0.39 on Thursday, hitting $137.21. 24,423,599 shares of the company were exchanged, compared to its average volume of 55,154,898. The company's 50 day moving average price is $154.22 and its 200-day moving average price is $154.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market capitalization of $222.67 billion, a P/E ratio of 122.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.