Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in Advanced Micro Devices, Inc. $AMD

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 62.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 412,133 shares of the semiconductor manufacturer’s stock after purchasing an additional 158,931 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Advanced Micro Devices were worth $83,840,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. New World Advisors LLC grew its stake in Advanced Micro Devices by 12.1% in the 1st quarter. New World Advisors LLC now owns 1,366 shares of the semiconductor manufacturer’s stock worth $278,000 after buying an additional 147 shares in the last quarter. Elevation Point Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 166.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 22,274 shares of the semiconductor manufacturer’s stock valued at $4,531,000 after buying an additional 13,930 shares in the last quarter. Platform Technology Partners lifted its holdings in shares of Advanced Micro Devices by 28.3% during the 1st quarter. Platform Technology Partners now owns 1,814 shares of the semiconductor manufacturer’s stock worth $369,000 after acquiring an additional 400 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Advanced Micro Devices by 15.0% during the 1st quarter. Sound Income Strategies LLC now owns 2,918 shares of the semiconductor manufacturer’s stock worth $613,000 after acquiring an additional 381 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. grew its position in Advanced Micro Devices by 1.0% in the first quarter. Jamison Private Wealth Management Inc. now owns 46,690 shares of the semiconductor manufacturer’s stock worth $9,498,000 after acquiring an additional 471 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. HSBC cut Advanced Micro Devices from a “buy” rating to a “hold” rating and increased their target price for the company from $335.00 to $340.00 in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. UBS Group raised their price objective on Advanced Micro Devices from $455.00 to $670.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $448.78.

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Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president owned 1,236,037 shares in the company, valued at approximately $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the sale, the director directly owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 378,032 shares of company stock worth $161,876,596. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 4.3%

Shares of NASDAQ:AMD opened at $517.82 on Friday. The stock has a market capitalization of $844.36 billion, a P/E ratio of 169.78, a price-to-earnings-growth ratio of 1.59 and a beta of 2.47. The stock’s 50-day moving average price is $466.47 and its 200-day moving average price is $305.82. 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 12-month low of $133.50 and a 12-month high of $584.73.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates 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 for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

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Advanced Micro Devices Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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