Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 51.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,824 shares of the semiconductor manufacturer’s stock after buying an additional 68,462 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Advanced Micro Devices were worth $2,506,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in AMD. Trexquant Investment LP bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $706,000. KBC Group NV raised its stake in shares of Advanced Micro Devices by 16.0% during the 2nd quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after acquiring an additional 14,715 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $148,000. UBS Asset Management Americas Inc. raised its stake in shares of Advanced Micro Devices by 392.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock worth $29,040,000 after acquiring an additional 1,590,293 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Advanced Micro Devices by 8.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 117,437 shares of the semiconductor manufacturer’s stock worth $1,466,000 after acquiring an additional 9,046 shares in the last quarter. Institutional investors own 59.15% of the company’s stock.
In other news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total transaction of $21,024,000,000,000,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Darla M. Smith sold 11,810 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $12.17, for a total value of $143,727.70. Following the sale, the chief accounting officer now directly owns 31,291 shares in the company, valued at approximately $380,811.47. The disclosure for this sale can be found here. Insiders sold a total of 42,234,915 shares of company stock worth $21,024,000,028,653,200 over the last three months. 1.60% of the stock is owned by company insiders.
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AMD has been the topic of several research analyst reports. Craig Hallum boosted their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Canaccord Genuity upped their price objective on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, June 21st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 30th. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price target on the stock in a report on Monday, June 26th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Advanced Micro Devices in a report on Sunday, May 21st. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.98.
Advanced Micro Devices, Inc. (AMD) opened at 12.52 on Friday. The firm’s market cap is $11.85 billion. The stock’s 50 day moving average price is $12.72 and its 200 day moving average price is $12.81. Advanced Micro Devices, Inc. has a 1-year low of $6.08 and a 1-year high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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