Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 924,749 shares of the semiconductor manufacturer’s stock after selling 32,041 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Advanced Micro Devices were worth $111,700,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its stake in Advanced Micro Devices by 0.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,519 shares of the semiconductor manufacturer’s stock worth $3,686,000 after acquiring an additional 204 shares during the last quarter. Baxter Bros Inc. increased its position in Advanced Micro Devices by 5.4% during the 4th quarter. Baxter Bros Inc. now owns 2,452 shares of the semiconductor manufacturer’s stock worth $296,000 after purchasing an additional 126 shares in the last quarter. PKS Advisory Services LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $482,000. EFG Asset Management North America Corp. grew its stake in Advanced Micro Devices by 9.4% during the fourth quarter. EFG Asset Management North America Corp. now owns 22,322 shares of the semiconductor manufacturer’s stock worth $2,696,000 after buying an additional 1,916 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $227,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMD. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Stifel Nicolaus lowered their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $113.85 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $184.49 billion, a PE ratio of 115.00, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The business’s fifty day moving average price is $110.21 and its two-hundred day moving average price is $131.60.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.