Swedbank AB Acquires 17,446 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Swedbank AB raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,151,636 shares of the semiconductor manufacturer's stock after purchasing an additional 17,446 shares during the quarter. Swedbank AB owned 0.13% of Advanced Micro Devices worth $353,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. grew its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. ZRC Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 90.4% during the 3rd 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. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $27,000. Finally, Valued Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Down 5.2 %

NASDAQ:AMD traded down $8.63 during trading hours on Tuesday, reaching $156.64. 50,683,197 shares of the stock were exchanged, compared to its average volume of 57,898,070. The stock has a market cap of $253.18 billion, a PE ratio of 230.59, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The firm has a 50 day moving average of $151.95 and a 200 day moving average of $157.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Edward Jones began coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating for the company. TD Cowen upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Monday, September 16th. BNP Paribas raised shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, July 31st. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Finally, Barclays dropped their price target on Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $195.00.

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.