Tredje AP fonden Has $51.61 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tredje AP fonden reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,260 shares of the semiconductor manufacturer’s stock after selling 151,292 shares during the period. Tredje AP fonden’s holdings in Advanced Micro Devices were worth $51,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $32,000. Finally, Compass Financial Services Inc acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $39,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Susquehanna reduced their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $100.79 on Thursday. The stock’s fifty day moving average price is $112.99 and its two-hundred day moving average price is $133.94. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $198.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market cap of $163.33 billion, a PE ratio of 101.81, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.