Mirae Asset Global Investments Co. Ltd. Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,433,118 shares of the semiconductor manufacturer’s stock after selling 301,681 shares during the period. Advanced Micro Devices comprises about 0.7% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 20th biggest holding. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Advanced Micro Devices worth $179,291,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Czech National Bank lifted its stake in Advanced Micro Devices by 7.0% in the 3rd quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after buying an additional 21,708 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Advanced Micro Devices by 4.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 10,681 shares of the semiconductor manufacturer’s stock valued at $1,753,000 after acquiring an additional 456 shares in the last quarter. Greenfield Savings Bank lifted its holdings in Advanced Micro Devices by 18.0% in the 3rd quarter. Greenfield Savings Bank now owns 4,753 shares of the semiconductor manufacturer’s stock valued at $780,000 after purchasing an additional 725 shares in the last quarter. Stonebridge Capital Management Inc. boosted its stake in Advanced Micro Devices by 6.3% during the 3rd quarter. Stonebridge Capital Management Inc. now owns 8,429 shares of the semiconductor manufacturer’s stock worth $1,383,000 after purchasing an additional 500 shares during the last quarter. Finally, Pacifica Partners Inc. grew its holdings in shares of Advanced Micro Devices by 0.6% during the third quarter. Pacifica Partners Inc. now owns 25,040 shares of the semiconductor manufacturer’s stock worth $4,109,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $119.50 on Wednesday. The stock’s 50-day moving average is $125.38 and its two-hundred day moving average is $140.81. 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 company has a market cap of $193.93 billion, a price-to-earnings ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $112.80 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Susquehanna decreased their price target on shares of Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Loop Capital started coverage on 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. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday. Finally, Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.35.

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.