AMF Tjanstepension AB Sells 2,920 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

AMF Tjanstepension AB lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 196,852 shares of the semiconductor manufacturer’s stock after selling 2,920 shares during the period. AMF Tjanstepension AB’s holdings in Advanced Micro Devices were worth $23,778,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after acquiring an additional 2,238,866 shares during the period. State Street Corp lifted its stake in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Advanced Micro Devices by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after acquiring an additional 1,565,083 shares during the period. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $165,952,000. Finally, Clear Street Derivatives LLC acquired a new position in shares of Advanced Micro Devices during the third quarter valued at $110,496,000. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several analyst reports. Truist Financial set a $130.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Melius Research reissued a “hold” rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Susquehanna cut their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Finally, Argus set a $160.00 target price on Advanced Micro Devices in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Stock Performance

AMD opened at $100.31 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $95.89 and a 12-month high of $227.30. The stock has a market cap of $162.55 billion, a price-to-earnings ratio of 101.32, a PEG ratio of 1.11 and a beta of 1.65. The business has a 50 day moving average of $114.39 and a 200-day moving average of $135.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by 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.