Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,362 shares of the semiconductor manufacturer’s stock after buying an additional 1,664 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Advanced Micro Devices were worth $6,834,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMD. Norges Bank purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $1,252,070,000. Moneta Group Investment Advisors LLC raised its position in shares of Advanced Micro Devices by 105,415.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock valued at $552,275,000 after buying an additional 8,518,629 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at approximately $777,111,000. Northern Trust Corp raised its position in shares of Advanced Micro Devices by 35.5% during the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after buying an additional 4,475,368 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Advanced Micro Devices by 15,896.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after buying an additional 3,714,069 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 in the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMD shares. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Evercore ISI assumed coverage on Advanced Micro Devices in a research note on Tuesday. They set an “outperform” rating and a $200.00 price target on the stock. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $225.00 in a research note on Tuesday. Finally, TD Cowen increased their price objective on Advanced Micro Devices from $130.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $185.15.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $9.44 during mid-day trading on Wednesday, reaching $154.02. The stock had a trading volume of 75,773,286 shares, compared to its average volume of 74,973,969. The business has a 50 day simple moving average of $180.78 and a 200 day simple moving average of $148.19. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a market capitalization of $248.92 billion, a price-to-earnings ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal 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.