Advanced Micro Devices, Inc. $AMD Holdings Lifted by Swedbank AB

Swedbank AB raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,346,527 shares of the semiconductor manufacturer’s stock after acquiring an additional 913,055 shares during the quarter. Advanced Micro Devices accounts for about 0.7% of Swedbank AB’s investment portfolio, making the stock its 27th biggest position. Swedbank AB’s holdings in Advanced Micro Devices were worth $680,784,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMD. Clay Northam Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 6.9% during the first quarter. Clay Northam Wealth Management LLC now owns 1,063 shares of the semiconductor manufacturer’s stock worth $216,000 after buying an additional 69 shares during the period. Kiley Juergens Wealth Management LLC acquired a new stake in Advanced Micro Devices in the 1st quarter valued at approximately $1,165,000. Schear Investment Advisers LLC increased its position in Advanced Micro Devices by 32.0% in the 1st quarter. Schear Investment Advisers LLC now owns 32,219 shares of the semiconductor manufacturer’s stock valued at $6,554,000 after acquiring an additional 7,810 shares during the period. PUREfi Wealth LLC raised its stake in Advanced Micro Devices by 33.3% during the 1st quarter. PUREfi Wealth LLC now owns 2,745 shares of the semiconductor manufacturer’s stock valued at $558,000 after acquiring an additional 686 shares in the last quarter. Finally, Meridian Investment Counsel Inc. raised its stake in Advanced Micro Devices by 11.3% during the 1st quarter. Meridian Investment Counsel Inc. now owns 2,160 shares of the semiconductor manufacturer’s stock valued at $439,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the sale, the executive vice president owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. This trade represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 374,739 shares of company stock valued at $161,135,671. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMD shares. The Goldman Sachs Group increased their price target on Advanced Micro Devices from $450.00 to $640.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada upped their price objective on shares of Advanced Micro Devices from $325.00 to $400.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Susquehanna increased their target price on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Melius Research set a $540.00 price target on shares of Advanced Micro Devices in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $453.92.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded down $41.27 during midday trading on Tuesday, hitting $510.78. The company’s stock had a trading volume of 11,736,132 shares, compared to its average volume of 37,292,695. Advanced Micro Devices, Inc. has a 12 month low of $135.91 and a 12 month high of $584.73. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $832.87 billion, a PE ratio of 167.74, a price-to-earnings-growth ratio of 1.53 and a beta of 2.47. The stock’s 50-day moving average price is $470.75 and its 200-day moving average price is $308.01.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 net margin of 13.37% and a return on equity of 9.55%. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. Analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current fiscal year.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Wall Street analysts remain constructive on AMD, with Goldman Sachs and Wells Fargo recently raising price targets on expectations for strong server CPU demand, pricing power, and continued AI-related growth. AMD, Nvidia, Micron, Oracle, Dell, Intel, and More Stocks That Explain Today’s Market
• Positive Sentiment: AMD also gained a new AI-use-case catalyst after Turing said it is adopting AMD GPUs for part of its self-driving AI training, which expands AMD beyond data centers and gaming into autonomous vehicles. AMD Gains AI Customer as $600 Million Self-Driving Startup Adopts Its GPUs
• Neutral Sentiment: Recent articles also highlighted AMD’s rapid share-price gains and its approach toward a possible $1 trillion valuation, but these pieces were mostly commentary on momentum rather than new fundamental news. AMD Is 11% Away From Joining the $1 Trillion Club. Could It Get There This Year?
• Negative Sentiment: The main drag today is a broader chip-stock selloff, with AMD falling alongside peers like Nvidia and Intel as investors worry the AI rally is stalling and trading sentiment in semiconductors turns risk-off. Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff
• Negative Sentiment: Cathie Wood’s ARK Invest sold about $8 million of AMD shares, adding to some near-term caution even as analyst sentiment remains upbeat. AMD Stock: Cathie Wood Sells $8M in AMD Despite Growing Analyst Optimism

Advanced Micro Devices Profile

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.