AMF Tjanstepension AB Sells 2,920 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

AMF Tjanstepension AB lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,852 shares of the semiconductor manufacturer's stock after selling 2,920 shares during the period. AMF Tjanstepension AB's holdings in Advanced Micro Devices were worth $23,778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Advanced Micro Devices in the 4th quarter valued at $8,958,000. Banco Santander S.A. raised its stake in Advanced Micro Devices by 16.7% in the 4th quarter. Banco Santander S.A. now owns 103,257 shares of the semiconductor manufacturer's stock valued at $12,472,000 after acquiring an additional 14,743 shares during the period. Machina Capital S.A.S. bought a new stake in Advanced Micro Devices in the 4th quarter valued at $1,134,000. Oak Hill Wealth Advisors LLC raised its stake in Advanced Micro Devices by 200.0% in the 4th quarter. Oak Hill Wealth Advisors LLC now owns 2,730 shares of the semiconductor manufacturer's stock valued at $330,000 after acquiring an additional 5,460 shares during the period. Finally, Andra AP fonden bought a new stake in Advanced Micro Devices in the 4th quarter valued at $1,583,000. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.73% of the company's stock.

Remove Ads

Advanced Micro Devices Trading Up 1.5 %

Advanced Micro Devices stock traded up $1.46 during trading hours on Friday, hitting $100.31. The stock had a trading volume of 33,215,626 shares, compared to its average volume of 40,023,836. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $162.55 billion, a price-to-earnings ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a one year low of $95.89 and a one year high of $227.30. The business's 50 day simple moving average is $114.39 and its 200-day simple moving average is $135.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMD shares. Melius Research restated a "hold" rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Susquehanna lowered their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research report on Wednesday, February 5th. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.83.

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.