Skandinaviska Enskilda Banken AB publ Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Skandinaviska Enskilda Banken AB publ lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 670,372 shares of the semiconductor manufacturer’s stock after selling 452,148 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Advanced Micro Devices were worth $82,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Swedbank AB raised its position in Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after buying an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC increased its stake in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares during the last quarter. United Bank acquired a new position in Advanced Micro Devices during the third quarter valued at $516,000. Finally, Entropy Technologies LP purchased a new stake in Advanced Micro Devices in the third quarter valued at $1,775,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction 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 represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMD shares. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Wedbush restated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $100.79 on Thursday. The company’s 50-day moving average is $112.99 and its two-hundred day moving average is $133.94. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $198.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $163.33 billion, a price-to-earnings ratio of 101.81, a PEG ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.