Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 9,200 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,802 shares of the semiconductor manufacturer’s stock after selling 9,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Advanced Micro Devices were worth $31,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Creative Capital Management Investments LLC grew its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $32,000. Finally, Compass Financial Services Inc bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $39,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 2.9 %

Shares of NASDAQ:AMD opened at $110.84 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The stock has a market cap of $179.61 billion, a price-to-earnings ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $118.84 and a 200-day moving average price of $137.99.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Analyst Ratings Changes

AMD has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Barclays dropped their price objective 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. Finally, HSBC reaffirmed a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Company 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.