Advanced Micro Devices, Inc. $AMD Stock Position Cut by Tredje AP fonden

Tredje AP fonden lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 45.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 291,031 shares of the semiconductor manufacturer’s stock after selling 237,898 shares during the period. Tredje AP fonden’s holdings in Advanced Micro Devices were worth $41,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMD. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Advanced Micro Devices by 23.6% during the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,075 shares of the semiconductor manufacturer’s stock valued at $862,000 after purchasing an additional 1,161 shares in the last quarter. Elm Partners Management LLC bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $951,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Advanced Micro Devices by 465.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 138,252 shares of the semiconductor manufacturer’s stock valued at $19,618,000 after purchasing an additional 113,787 shares in the last quarter. Welch & Forbes LLC bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $833,000. Finally, Sebold Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $234,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $256.12 on Friday. The stock has a fifty day moving average of $191.16 and a 200-day moving average of $153.25. The firm has a market capitalization of $415.64 billion, a P/E ratio of 147.20, a PEG ratio of 2.42 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMD has been the subject of a number of recent research reports. Melius Research set a $300.00 price objective on Advanced Micro Devices in a research report on Monday, October 6th. Morgan Stanley boosted their target price on Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Bank of America upped their target price on Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 17th. Wells Fargo & Company increased their price target on Advanced Micro Devices from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, HSBC upped their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $237.32.

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.