Rakuten Securities Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rakuten Securities Inc. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,812 shares of the semiconductor manufacturer’s stock, valued at approximately $1,889,000. Advanced Micro Devices makes up about 1.5% of Rakuten Securities Inc.’s portfolio, making the stock its 15th largest holding.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $1,252,070,000. Moneta Group Investment Advisors LLC boosted its stake in Advanced Micro Devices by 105,415.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock valued at $552,275,000 after acquiring an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Advanced Micro Devices in the first quarter valued at $777,111,000. Northern Trust Corp boosted its stake in Advanced Micro Devices by 35.5% in the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after acquiring an additional 4,475,368 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after acquiring an additional 3,714,069 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,943 shares of company stock worth $59,919,994. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $6.98 during trading hours on Wednesday, hitting $156.48. The company’s stock had a trading volume of 38,381,188 shares, compared to its average volume of 74,436,297. The business has a fifty day moving average of $180.78 and a 200-day moving average of $148.19. The stock has a market cap of $252.89 billion, a price-to-earnings ratio of 309.33, a P/E/G ratio of 2.44 and a beta of 1.64. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. DZ Bank reaffirmed a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 target price on shares of Advanced Micro Devices in a report on Monday, March 4th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.15.

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.