Rakuten Securities Inc. Sells 2,305 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rakuten Securities Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,741 shares of the semiconductor manufacturer’s stock after selling 2,305 shares during the quarter. Rakuten Securities Inc.’s holdings in Advanced Micro Devices were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Advanced Micro Devices by 8.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,038,972 shares of the semiconductor manufacturer’s stock valued at $826,795,000 after acquiring an additional 375,229 shares during the period. Apollon Financial LLC lifted its stake in Advanced Micro Devices by 7.1% in the third quarter. Apollon Financial LLC now owns 4,061 shares of the semiconductor manufacturer’s stock valued at $666,000 after purchasing an additional 268 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Advanced Micro Devices by 82.9% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 390,075 shares of the semiconductor manufacturer’s stock valued at $65,173,000 after purchasing an additional 176,789 shares during the period. WealthPlan Investment Management LLC purchased a new stake in Advanced Micro Devices in the third quarter worth $245,000. Finally, WealthPLAN Partners LLC raised its stake in shares of Advanced Micro Devices by 37.7% in the third quarter. WealthPLAN Partners LLC now owns 6,656 shares of the semiconductor manufacturer’s stock valued at $1,092,000 after buying an additional 1,824 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $147.35 on Tuesday. The firm has a market cap of $239.12 billion, a price-to-earnings ratio of 132.75, a P/E/G ratio of 2.05 and a beta of 1.71. The firm has a fifty day moving average price of $154.41 and a 200 day moving average price of $155.52. Advanced Micro Devices, Inc. has a fifty-two week low of $116.00 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. UBS Group cut their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Truist Financial dropped their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Robert W. Baird decreased their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Bank of America reaffirmed a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’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 transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was 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 owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Company 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.