Handelsbanken Fonder AB Has $205.14 Million Position in Advanced Micro Devices, Inc. $AMD

Handelsbanken Fonder AB raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 35.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 957,875 shares of the semiconductor manufacturer’s stock after purchasing an additional 251,415 shares during the quarter. Advanced Micro Devices comprises about 0.6% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 21st largest position. Handelsbanken Fonder AB’s holdings in Advanced Micro Devices were worth $205,139,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Joseph Group Capital Management bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Koesten Hirschmann & Crabtree INC. lifted its holdings in shares of Advanced Micro Devices by 61.0% during the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Aviso Financial Inc. lifted its holdings in shares of Advanced Micro Devices by 400.0% during the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Delos Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 100.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its holdings in shares of Advanced Micro Devices by 74.1% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 235 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 100 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the sale, the chief executive officer owned 3,021,899 shares in the company, valued at $1,346,286,223.49. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares in the company, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 309,598 shares of company stock worth $105,644,316 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wolfe Research assumed coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They set a “peer perform” rating on the stock. KeyCorp lifted their price objective on Advanced Micro Devices from $330.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Evercore restated an “outperform” rating and issued a $358.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. HSBC cut Advanced Micro Devices from a “buy” rating to a “hold” rating and boosted their target price for the company from $335.00 to $340.00 in a research note on Monday, May 4th. Finally, Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $404.03.

View Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Trading Down 0.7%

NASDAQ AMD opened at $420.99 on Tuesday. The stock has a market capitalization of $686.47 billion, a price-to-earnings ratio of 138.03, a PEG ratio of 1.26 and a beta of 2.40. The stock’s 50 day moving average price is $277.92 and its two-hundred day moving average price is $241.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. Advanced Micro Devices, Inc. has a 52 week low of $107.67 and a 52 week high of $469.21.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue was up 37.8% compared to the same quarter last year. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

Advanced Micro Devices News Summary

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About Advanced Micro Devices

(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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