Resona Asset Management Co. Ltd. Invests $58.90 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Resona Asset Management Co. Ltd. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 485,040 shares of the semiconductor manufacturer’s stock, valued at approximately $58,902,000.

A number of other hedge funds also recently bought and sold shares of AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $85.76 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $83.67 and a 1 year high of $187.28. The firm’s 50-day moving average is $106.88 and its 200 day moving average is $129.10. The stock has a market cap of $138.61 billion, a price-to-earnings ratio of 86.63, a PEG ratio of 1.11 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMD shares. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Stifel Nicolaus dropped their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $152.72.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.

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.