Norges Bank Buys Shares of 21,808,756 Advanced Micro Devices, Inc. $AMD

Norges Bank acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,808,756 shares of the semiconductor manufacturer’s stock, valued at approximately $3,094,662,000. Norges Bank owned about 1.34% of Advanced Micro Devices at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock worth $21,944,673,000 after purchasing an additional 2,281,508 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 1.4% in the second quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock valued at $5,181,556,000 after acquiring an additional 514,445 shares in the last quarter. Amundi boosted its stake in shares of Advanced Micro Devices by 8.0% during the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock valued at $1,677,014,000 after acquiring an additional 1,319,064 shares during the last quarter. Invesco Ltd. increased its position in Advanced Micro Devices by 4.0% during the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after purchasing an additional 450,695 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Advanced Micro Devices by 2.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,857,840 shares of the semiconductor manufacturer’s stock valued at $1,540,727,000 after purchasing an additional 308,740 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $214.24 on Friday. The firm’s fifty day simple moving average is $218.73 and its 200 day simple moving average is $171.07. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The firm has a market capitalization of $348.79 billion, a price-to-earnings ratio of 123.13, a PEG ratio of 2.42 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president owned 300,348 shares of the company’s stock, valued at $68,890,820.76. The trade was a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 75,676 shares of company stock worth $16,124,589. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AMD. TD Cowen lifted their target price on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Wells Fargo & Company upped their target price on Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. Erste Group Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Mizuho upped their price objective on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, Robert W. Baird set a $300.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $278.54.

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.