Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 380,561 shares of the semiconductor manufacturer’s stock after selling 32,400 shares during the quarter. Forsta AP Fonden’s holdings in Advanced Micro Devices were worth $39,099,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Savvy Advisors Inc. boosted its stake in Advanced Micro Devices by 18.0% during the 1st quarter. Savvy Advisors Inc. now owns 9,377 shares of the semiconductor manufacturer’s stock valued at $963,000 after acquiring an additional 1,429 shares during the last quarter. LaSalle St. Investment Advisors LLC increased its position in shares of Advanced Micro Devices by 32.5% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 5,502 shares of the semiconductor manufacturer’s stock worth $565,000 after purchasing an additional 1,349 shares during the last quarter. Brilliance Asset Management Ltd. acquired a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $603,000. AlphaCore Capital LLC lifted its position in shares of Advanced Micro Devices by 67.9% during the first quarter. AlphaCore Capital LLC now owns 7,239 shares of the semiconductor manufacturer’s stock worth $744,000 after purchasing an additional 2,927 shares during the last quarter. Finally, Fayez Sarofim & Co lifted its position in shares of Advanced Micro Devices by 10.7% during the first quarter. Fayez Sarofim & Co now owns 20,712 shares of the semiconductor manufacturer’s stock worth $2,128,000 after purchasing an additional 2,010 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $172.40 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.97. The firm’s 50 day moving average is $143.30 and its 200-day moving average is $117.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $182.50. The stock has a market capitalization of $279.53 billion, a P/E ratio of 99.08, a P/E/G ratio of 2.15 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. Benchmark upped their price objective on Advanced Micro Devices from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a report on Monday, June 23rd. Hsbc Global Res upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Dbs Bank downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Seaport Res Ptn upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, April 30th. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $178.56.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.