Mizuho Markets Cayman LP Has $11.39 Million Holdings in Advanced Micro Devices, Inc. $AMD

Mizuho Markets Cayman LP cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,989 shares of the semiconductor manufacturer’s stock after selling 5,739 shares during the period. Advanced Micro Devices comprises about 0.6% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 21st largest position. Mizuho Markets Cayman LP’s holdings in Advanced Micro Devices were worth $11,390,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new stake in Advanced Micro Devices during the fourth quarter worth $25,000. Sarver Vrooman Wealth Advisors bought a new stake in Advanced Micro Devices in the 4th quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Basepoint Wealth LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $30,000. Finally, Main Street Group LTD acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $33,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the stock in a transaction 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 sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% 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. In the last quarter, insiders have sold 341,630 shares of company stock worth $152,147,456. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of analyst reports. Raymond James Financial assumed coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating on the stock. Wedbush lifted their price objective on Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $505.00 to $615.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Susquehanna increased their target price on Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a report on Wednesday, May 6th. Finally, Wolfe Research set a $450.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $468.65.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $552.33 on Thursday. The stock has a market capitalization of $900.63 billion, a price-to-earnings ratio of 181.09, a P/E/G ratio of 1.58 and a beta of 2.47. The firm’s 50-day moving average price is $508.85 and its two-hundred day moving average price is $337.19. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’s revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.25 earnings per share for the current fiscal year.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Anthropic’s multi-year plan to deploy up to 2GW of AMD Instinct MI450 GPUs could become a major new revenue stream for AMD. AMD and Anthropic Sign Major Chips-and-Investment Deal
• Positive Sentiment: AMD’s planned investment in Anthropic signals a deeper strategic alliance and could help the company win more AI infrastructure customers. AMD to invest up to $5 billion in Anthropic, WSJ Reports
• Positive Sentiment: Analysts are becoming more confident that the Anthropic deal can improve AMD’s long-term revenue outlook and help narrow the gap with Nvidia. AMD Stock Rises as Wells Fargo Gains ‘Further Confidence’ in Revenue after Anthropic Deal
• Neutral Sentiment: AMD also remains in focus ahead of its Aug. 4 earnings report and upcoming AI event, keeping expectations elevated for more customer wins and product updates.

Advanced Micro Devices Company 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.