Forsta AP Fonden Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Forsta AP Fonden boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 412,961 shares of the semiconductor manufacturer’s stock after buying an additional 6,800 shares during the period. Forsta AP Fonden’s holdings in Advanced Micro Devices were worth $49,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invst LLC lifted its holdings in shares of Advanced Micro Devices by 9.0% in the 2nd quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer’s stock valued at $251,000 after buying an additional 131 shares during the period. Regal Investment Advisors LLC raised its position in Advanced Micro Devices by 8.4% during the second quarter. Regal Investment Advisors LLC now owns 10,024 shares of the semiconductor manufacturer’s stock valued at $1,626,000 after acquiring an additional 773 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 21.1% in the second quarter. EP Wealth Advisors LLC now owns 55,566 shares of the semiconductor manufacturer’s stock valued at $9,013,000 after acquiring an additional 9,700 shares during the period. IMS Capital Management boosted its position in Advanced Micro Devices by 5.6% in the 2nd quarter. IMS Capital Management now owns 7,544 shares of the semiconductor manufacturer’s stock worth $1,180,000 after purchasing an additional 402 shares in the last quarter. Finally, Advisory Alpha LLC boosted its position in Advanced Micro Devices by 7.5% in the 2nd quarter. Advisory Alpha LLC now owns 4,674 shares of the semiconductor manufacturer’s stock worth $758,000 after purchasing an additional 326 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $114.17 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The stock’s fifty day moving average is $127.14 and its two-hundred day moving average is $142.27. The company has a market capitalization of $185.28 billion, a P/E ratio of 102.86, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMD shares. UBS Group decreased their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Barclays dropped their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Morgan Stanley dropped their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.07.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last three months. Insiders own 0.65% of the company’s stock.

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.