Handelsbanken Fonder AB Has $101.29 Million Holdings in Advanced Micro Devices, Inc. $AMD

Handelsbanken Fonder AB lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 713,824 shares of the semiconductor manufacturer’s stock after buying an additional 79,846 shares during the quarter. Handelsbanken Fonder AB’s holdings in Advanced Micro Devices were worth $101,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Pinney & Scofield Inc. increased its stake in shares of Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. Avion Wealth lifted its stake in Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares during the last quarter. West Branch Capital LLC grew its holdings in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 214 shares during the period. Finally, Financial Network Wealth Advisors LLC increased its position in Advanced Micro Devices by 185.3% during the first quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 215 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. HSBC raised their price objective on Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Wolfe Research set a $300.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $235.00 price target on Advanced Micro Devices and gave the company a “hold” rating in a report on Tuesday, October 14th. Roth Capital reaffirmed a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Finally, Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of Advanced Micro Devices 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 completion of the transaction, the executive vice president directly owned 311,598 shares of the company’s stock, valued at $51,416,785.98. The trade was a 0.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 56,226 shares of company stock worth $11,663,342. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Down 7.8%

Shares of Advanced Micro Devices stock opened at $206.02 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a 50-day moving average of $213.60 and a 200-day moving average of $167.26. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The stock has a market cap of $335.41 billion, a PE ratio of 118.40, a PEG ratio of 2.42 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s revenue was up 35.6% on a year-over-year basis. Advanced Micro Devices has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.