Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 18.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 257,102 shares of the semiconductor manufacturer’s stock after acquiring an additional 40,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Advanced Micro Devices were worth $36,483,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AMD. Wise Wealth Partners purchased a new stake in shares of Advanced Micro Devices in the second quarter worth $343,000. Parisi Gray Wealth Management purchased a new stake in shares of Advanced Micro Devices in the second quarter worth $343,000. Davis Investment Partners LLC purchased a new stake in shares of Advanced Micro Devices in the second quarter worth $736,000. REAP Financial Group LLC raised its position in shares of Advanced Micro Devices by 16.9% in the second quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer’s stock worth $170,000 after buying an additional 173 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Advanced Micro Devices by 125.1% in the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after buying an additional 2,970 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Up 2.7%
Shares of NASDAQ:AMD opened at $259.67 on Tuesday. The stock’s 50-day moving average price is $183.76 and its 200-day moving average price is $148.62. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $260.42. The stock has a market capitalization of $421.40 billion, a P/E ratio of 149.24, a price-to-earnings-growth ratio of 2.31 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AMD. Evercore ISI increased their price objective on Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, October 8th. Barclays increased their price objective on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Mizuho increased their price objective on Advanced Micro Devices from $205.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, Roth Capital set a $250.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a research note on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.94.
Insider Activity
In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at $384,529,181.40. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,118 shares of company stock valued at $46,180,719. Company insiders own 0.06% of the company’s stock.
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.
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