Mizuho Markets Cayman LP Boosts Stake in Advanced Micro Devices, Inc. $AMD

Mizuho Markets Cayman LP lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 61,728 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,655 shares during the quarter. Advanced Micro Devices makes up 0.7% of Mizuho Markets Cayman LP’s holdings, making the stock its 22nd biggest holding. Mizuho Markets Cayman LP’s holdings in Advanced Micro Devices were worth $13,220,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc increased its position in shares of Advanced Micro Devices by 326.5% during the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock valued at $8,424,000 after purchasing an additional 39,861 shares during the last quarter. Zweig DiMenna Associates LLC boosted its holdings in Advanced Micro Devices by 127.6% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock valued at $11,746,000 after acquiring an additional 40,708 shares during the period. Wedbush Securities Inc. boosted its holdings in Advanced Micro Devices by 7.8% during the 3rd quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock valued at $13,632,000 after acquiring an additional 6,095 shares during the period. WealthPlan Investment Management LLC boosted its holdings in Advanced Micro Devices by 338.5% during the 4th quarter. WealthPlan Investment Management LLC now owns 6,157 shares of the semiconductor manufacturer’s stock valued at $1,319,000 after acquiring an additional 4,753 shares during the period. Finally, Highline Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 4,891.6% during the 4th quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock valued at $1,775,000 after acquiring an additional 8,120 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This represents a 5.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the transaction, the chief executive officer directly owned 3,021,899 shares of the company’s stock, valued at $1,346,286,223.49. This represents a 3.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 329,085 shares of company stock worth $114,051,007 over the last 90 days. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Up 4.0%

Shares of NASDAQ:AMD opened at $467.51 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $107.67 and a 52-week high of $481.41. The firm has a market capitalization of $762.32 billion, a P/E ratio of 153.28, a P/E/G ratio of 1.32 and a beta of 2.40. The stock has a 50 day moving average price of $297.43 and a 200-day moving average price of $246.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The business’s revenue was up 37.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the subject of several analyst reports. Citigroup increased their target price on Advanced Micro Devices from $358.00 to $460.00 and gave the company a “neutral” rating in a report on Monday. Mizuho increased their target price on Advanced Micro Devices from $415.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. DA Davidson increased their target price on Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Wolfe Research initiated coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $410.00.

Trending Headlines about Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: CEO Lisa Su said AMD expects strong CPU growth over the next five years, helping fuel optimism about long-term demand for its data center chips. AMD Stock Rallies as Lisa Su Expects CPU Growth of ‘35% Each Year’ for the Next 5 Years
• Positive Sentiment: AMD began ramping production of its “Venice” EPYC CPUs on TSMC’s 2nm node, a major manufacturing milestone that supports its AI and server growth story. AMD Announces Production Ramp of Next-Generation AMD EPYC Processor “Venice” on TSMC 2nm Process Technology
• Positive Sentiment: AMD announced more than $10 billion of investment across Taiwan’s AI ecosystem to expand advanced packaging capacity and support future AI deployments, including the Helios rack-scale platform. AMD Announces More Than $10 Billion in Taiwan Ecosystem Investments to Accelerate AI Infrastructure
• Positive Sentiment: Nvidia’s strong AI commentary and broader chip-sector momentum are boosting confidence that AMD will benefit from continued AI infrastructure spending. AMD Stock (AMD) Hits All-Time High as Nvidia Earnings Boost Confidence in the AI Trade
• Neutral Sentiment: Some commentary suggests AMD’s sharp rally has already priced in a lot of good news, so investors may continue debating valuation after the recent run-up. After a Q1 Blowout and a Soaring Share Price, Is AMD Stock Still a Buy?

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.