Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.7% in the first quarter, HoldingsChannel.com reports. The firm owned 739,219 shares of the semiconductor manufacturer’s stock after selling 137,869 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Advanced Micro Devices were worth $58,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. lifted its position in Advanced Micro Devices by 58.4% in the first quarter. Jupiter Asset Management Ltd. now owns 457,934 shares of the semiconductor manufacturer’s stock worth $35,953,000 after purchasing an additional 168,904 shares during the period. Budros Ruhlin & Roe Inc. lifted its holdings in shares of Advanced Micro Devices by 3.3% in the first quarter. Budros Ruhlin & Roe Inc. now owns 20,994 shares of the semiconductor manufacturer’s stock valued at $1,648,000 after purchasing an additional 679 shares in the last quarter. ING Groep NV lifted its holdings in shares of Advanced Micro Devices by 1.8% in the first quarter. ING Groep NV now owns 80,650 shares of the semiconductor manufacturer’s stock valued at $6,331,000 after purchasing an additional 1,430 shares in the last quarter. Transcend Wealth Collective LLC acquired a new position in shares of Advanced Micro Devices in the first quarter worth $362,000. Finally, Adams Wealth Management increased its stake in shares of Advanced Micro Devices by 7.5% in the first quarter. Adams Wealth Management now owns 4,090 shares of the semiconductor manufacturer’s stock worth $321,000 after acquiring an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 67.59% of the company’s stock.

NASDAQ AMD opened at $81.56 on Friday. The firm has a market capitalization of $99.10 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 1.22 and a beta of 2.04. The business’s 50 day moving average price is $79.73. The company has a current ratio of 2.51, a quick ratio of 1.94 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 1-year low of $48.42 and a 1-year high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.20 billion. Advanced Micro Devices had a net margin of 25.24% and a return on equity of 35.31%. The company’s revenue was up 92.9% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 1.9 earnings per share for the current year.

Several research firms have commented on AMD. Northland Securities increased their target price on shares of Advanced Micro Devices from $96.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 28th. Raymond James increased their target price on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 28th. Susquehanna Bancshares raised their price target on Advanced Micro Devices from $115.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, April 28th. Mizuho raised their price target on Advanced Micro Devices from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Finally, Summit Insights downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, April 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the stock. Advanced Micro Devices currently has a consensus rating of “Buy” and an average target price of $96.74.

In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $75.00, for a total value of $9,375,000.00. Following the completion of the sale, the chief executive officer now owns 2,549,450 shares of the company’s stock, valued at $191,208,750. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,055 shares of the firm’s stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $73.39, for a total transaction of $77,426.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 531,782 shares of company stock valued at $42,615,713. Company insiders own 1.00% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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