Nomura Asset Management Co. Ltd. Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nomura Asset Management Co. Ltd. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 732,382 shares of the semiconductor manufacturer’s stock after selling 108,625 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Advanced Micro Devices were worth $88,464,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AMD. X Square Capital LLC increased its stake in shares of Advanced Micro Devices by 12.7% in the fourth quarter. X Square Capital LLC now owns 36,530 shares of the semiconductor manufacturer’s stock worth $4,412,000 after buying an additional 4,124 shares during the last quarter. New Age Alpha Advisors LLC increased its position in shares of Advanced Micro Devices by 0.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 28,899 shares of the semiconductor manufacturer’s stock worth $3,491,000 after purchasing an additional 159 shares during the last quarter. Providence Capital Advisors LLC raised its stake in shares of Advanced Micro Devices by 0.6% in the 4th quarter. Providence Capital Advisors LLC now owns 22,227 shares of the semiconductor manufacturer’s stock valued at $2,685,000 after purchasing an additional 128 shares in the last quarter. Norges Bank bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $2,867,193,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Advanced Micro Devices in the fourth quarter worth about $3,046,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Benchmark restated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Bank of America decreased their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.72.

Advanced Micro Devices Stock Down 3.2 %

Shares of AMD stock opened at $106.65 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The business’s fifty day moving average is $109.75 and its 200-day moving average is $131.14. The stock has a market cap of $172.82 billion, a PE ratio of 107.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

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.