Mandatum Life Insurance Co Ltd Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mandatum Life Insurance Co Ltd raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1,223.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,239 shares of the semiconductor manufacturer's stock after buying an additional 26,105 shares during the period. Advanced Micro Devices comprises about 1.0% of Mandatum Life Insurance Co Ltd's holdings, making the stock its 22nd largest holding. Mandatum Life Insurance Co Ltd's holdings in Advanced Micro Devices were worth $3,411,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Capital Management Investments LLC boosted its stake in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC raised its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 101.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. HSBC reissued a "reduce" rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Loop Capital began coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a "buy" rating and a $175.00 target price for the company. Finally, UBS Group decreased their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $178.61.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

AMD stock traded up $3.02 during midday trading on Monday, reaching $121.46. The stock had a trading volume of 35,556,654 shares, compared to its average volume of 34,940,360. The firm has a fifty day simple moving average of $129.94 and a two-hundred day simple moving average of $145.06. The stock has a market cap of $197.11 billion, a PE ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. Advanced Micro Devices's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.