Handelsbanken Fonder AB Sells 17,600 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Handelsbanken Fonder AB lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 657,653 shares of the semiconductor manufacturer's stock after selling 17,600 shares during the period. Handelsbanken Fonder AB's holdings in Advanced Micro Devices were worth $79,438,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jacobsen Capital Management raised its stake in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock worth $554,000 after buying an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. grew its holdings in Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock valued at $243,000 after purchasing an additional 74 shares during the period. Bedell Frazier Investment Counselling LLC raised its holdings in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock worth $292,000 after purchasing an additional 74 shares during the period. TFG Advisers LLC boosted its position in shares of Advanced Micro Devices by 1.6% during the third quarter. TFG Advisers LLC now owns 4,649 shares of the semiconductor manufacturer's stock worth $763,000 after purchasing an additional 75 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of Advanced Micro Devices by 3.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer's stock valued at $327,000 after buying an additional 75 shares during the period. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMD. Summit Insights raised Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Morgan Stanley lowered their price target on Advanced Micro Devices from $158.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. KeyCorp cut their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Mizuho dropped their price target on Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, HSBC reaffirmed a "reduce" rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $158.70.

Advanced Micro Devices Trading Down 2.9 %

AMD stock traded down $3.29 during trading on Friday, hitting $110.88. The company had a trading volume of 34,951,271 shares, compared to its average volume of 40,541,477. The stock has a market cap of $179.68 billion, a PE ratio of 112.00, a PEG ratio of 1.15 and a beta of 1.65. The business has a 50-day moving average of $119.16 and a 200-day moving average of $138.11. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

About Advanced Micro Devices

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.