Advanced Micro Devices, Inc. $AMD Stock Sold by Danica Pension Livsforsikringsaktieselskab

Key Points

• Danica Pension cut its AMD stake by 22.9% in the third quarter, selling 32,646 shares; it retained 109,957 shares valued at about $67.3 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $640.11; recent firms raised targets or upgraded their ratings.
• AMD beat quarterly estimates, reporting EPS of $2.09 and revenue of $13.38 billion, up 44.7% year over year. Shares nevertheless fell $51.24 to $534.06 on Friday.

Danica Pension Livsforsikringsaktieselskab lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,957 shares of the semiconductor manufacturer's stock after selling 32,646 shares during the quarter. Advanced Micro Devices comprises 1.1% of Danica Pension Livsforsikringsaktieselskab's portfolio, making the stock its 18th largest position. Danica Pension Livsforsikringsaktieselskab's holdings in Advanced Micro Devices were worth $67,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AMD. Hansen & Associates Financial Group Inc. raised its position in Advanced Micro Devices by 36.9% in the 3rd quarter. Hansen & Associates Financial Group Inc. now owns 835 shares of the semiconductor manufacturer's stock worth $518,000 after buying an additional 225 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 6.8% during the 3rd quarter. Drive Wealth Management LLC now owns 7,884 shares of the semiconductor manufacturer's stock worth $4,823,000 after acquiring an additional 505 shares during the last quarter. Rasp Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the third quarter valued at about $269,000. MSH Capital Advisors LLC grew its stake in shares of Advanced Micro Devices by 211.5% during the 3rd quarter. MSH Capital Advisors LLC now owns 6,715 shares of the semiconductor manufacturer's stock valued at $4,125,000 after acquiring an additional 4,559 shares during the period. Finally, Cornerstone Advisory LLC boosted its position in shares of Advanced Micro Devices by 1.7% in the third quarter. Cornerstone Advisory LLC now owns 4,810 shares of the semiconductor manufacturer's stock worth $2,942,000 after purchasing an additional 80 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In other Advanced Micro Devices news, Director Nora Denzel sold 9,000 shares of the stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $564.88, for a total transaction of $5,083,920.00. Following the sale, the director directly owned 78,173 shares of the company's stock, valued at approximately $44,158,364.24. This trade represents a 10.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Papermaster sold 28,811 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,588 shares of company stock valued at $116,292,222 in the last 90 days. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on AMD. Truist Financial lifted their target price on Advanced Micro Devices from $594.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, November 4th. Stifel Nicolaus increased their price target on shares of Advanced Micro Devices from $700.00 to $725.00 and gave the company a "buy" rating in a report on Wednesday, November 4th. William Blair raised shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating in a research note on Thursday. Melius Research set a $650.00 price target on Advanced Micro Devices in a report on Wednesday, November 4th. Finally, Susquehanna lifted their price objective on shares of Advanced Micro Devices from $620.00 to $650.00 and gave the company a "positive" rating in a report on Wednesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $640.11.

Advanced Micro Devices News Roundup

Here's some of the latest news about AMD:

• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Negative Sentiment: Chip stocks sold off as investors reassessed whether Nvidia’s turmoil would benefit competitors or signal wider risks to the AI trade. AMD’s decline also reflected profit-taking after a sharp rally; its elevated valuation may make the stock more vulnerable to sentiment shifts. AMD and other chip stocks slide as Wall Street rethinks the AI trade
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $51.24 on Friday, hitting $534.06. 49,061,909 shares of the company were exchanged, compared to its average volume of 33,352,236. The stock's 50 day moving average price is $554.55 and its 200 day moving average price is $422.13. Advanced Micro Devices, Inc. has a 1-year low of $188.22 and a 1-year high of $658.52. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $875.90 billion, a P/E ratio of 116.10, a price-to-earnings-growth ratio of 5.63 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The business's revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.93 EPS for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.

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