Mizuho Securities USA LLC Has $17.22 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mizuho Securities USA LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.8% during the 3rd quarter, HoldingsChannel reports. The fund 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AMD. DE Burlo Group Inc. raised its holdings in Advanced Micro Devices by 173.1% in the 3rd quarter. DE Burlo Group Inc. now owns 268,875 shares of the semiconductor manufacturer’s stock valued at $44,117,000 after buying an additional 170,425 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Advanced Micro Devices by 2.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,380 shares of the semiconductor manufacturer’s stock valued at $64,874,000 after buying an additional 10,613 shares during the last quarter. LPL Financial LLC raised its holdings in Advanced Micro Devices by 12.5% in the 3rd quarter. LPL Financial LLC now owns 1,681,325 shares of the semiconductor manufacturer’s stock valued at $275,872,000 after buying an additional 186,955 shares during the last quarter. Tradewinds LLC. raised its holdings in Advanced Micro Devices by 6.7% in the 3rd quarter. Tradewinds LLC. now owns 14,320 shares of the semiconductor manufacturer’s stock valued at $2,350,000 after buying an additional 900 shares during the last quarter. Finally, Cypress Capital Group bought a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $1,703,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

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

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $137.60 on Thursday. The business’s 50-day moving average price is $154.22 and its 200 day moving average price is $154.82. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $223.30 billion, a P/E ratio of 123.96, a PEG ratio of 1.93 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Bank of America reissued a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. UBS Group cut 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 report on Wednesday, October 30th. Finally, Citigroup lowered their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Profile

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.