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

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% in the 4th quarter, Holdings Channel reports. The firm 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 and hedge funds have also added to or reduced their stakes in AMD. Castleview Partners LLC lifted its position in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 90 shares in the last quarter. Peoples Bank KS acquired a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Founders Capital Management increased its stake in Advanced Micro Devices by 104.2% in the 4th quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock valued at $43,000 after buying an additional 150 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 109 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on AMD shares. Barclays upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Monday, January 8th. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Wednesday, January 24th. Evercore ISI assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday. They set an “outperform” rating and a $200.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $185.15.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $9.44 during mid-day trading on Wednesday, reaching $154.02. The company had a trading volume of 75,773,286 shares, compared to its average volume of 74,973,969. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a 50 day moving average of $180.78 and a 200-day moving average of $148.19. The firm has a market cap 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 issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share 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 firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. 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. Company 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.