Advanced Micro Devices, Inc. $AMD Shares Bought by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,234,000 shares of the semiconductor manufacturer’s stock after buying an additional 480,000 shares during the quarter. Advanced Micro Devices comprises about 1.5% of Alecta Tjanstepension Omsesidigt’s portfolio, making the stock its 18th biggest holding. Alecta Tjanstepension Omsesidigt’s holdings in Advanced Micro Devices were worth $316,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Parisi Gray Wealth Management acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $343,000. Davis Investment Partners LLC acquired a new position in Advanced Micro Devices during the second quarter worth approximately $736,000. Sivia Capital Partners LLC increased its position in Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after buying an additional 2,970 shares during the period. Fragasso Financial Advisors Inc increased its position in Advanced Micro Devices by 151.3% during the second quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer’s stock worth $799,000 after buying an additional 3,388 shares during the period. Finally, Modern Wealth Management LLC acquired a new position in Advanced Micro Devices during the first quarter worth approximately $644,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Mizuho lifted their target price on Advanced Micro Devices from $183.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Piper Sandler lifted their target price on Advanced Micro Devices from $140.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Susquehanna lifted their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a research note on Wednesday, July 30th. Finally, Wedbush reiterated a “cautious” rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.88.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares of the company’s stock, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock worth $44,183,576 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 0.8%

AMD opened at $159.16 on Thursday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The stock has a market cap of $258.29 billion, a P/E ratio of 91.47, a P/E/G ratio of 1.89 and a beta of 1.92. The stock’s 50 day moving average price is $164.53 and its 200 day moving average price is $128.34.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices Company 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.