Alecta Tjanstepension Omsesidigt Purchases 480,000 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Alecta Tjanstepension Omsesidigt increased its stake in Advanced Micro Devices, Inc. by 27.4%, owning now 2,234,000 shares, which constitutes about 1.5% of its total holdings.
• Advanced Micro Devices reported $0.48 EPS for the quarter, missing analysts' expectations of $0.54, despite a revenue of $7.69 billion that surpassed the forecast.
• Upcoming projections estimate that Advanced Micro Devices will achieve an annual EPS of 3.87 for the current fiscal year, with a moderate buy rating from analysts.

Alecta Tjanstepension Omsesidigt increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,234,000 shares of the semiconductor manufacturer's stock after buying an additional 480,000 shares during the quarter. Advanced Micro Devices comprises approximately 1.5% of Alecta Tjanstepension Omsesidigt's investment portfolio, making the stock its 18th biggest holding. Alecta Tjanstepension Omsesidigt owned 0.14% of Advanced Micro Devices worth $316,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares during the last quarter. American Capital Advisory LLC raised its holdings in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Investors Research Corp grew its position in Advanced Micro Devices by 117.9% during the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 165 shares during the period. Finally, Kozak & Associates Inc. grew its position in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $1.24 on Thursday, hitting $157.92. The company had a trading volume of 84,380,436 shares, compared to its average volume of 39,775,000. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The stock has a 50 day moving average price of $164.80 and a 200 day moving average price of $128.75. The stock has a market cap of $256.28 billion, a price-to-earnings ratio of 90.76, a P/E/G ratio of 1.88 and a beta of 1.92. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the company earned $0.69 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. Advanced Micro Devices has set its Q3 2025 guidance at EPS. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMD shares. Mizuho increased their price target on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Bank of America lifted their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research report on Friday, June 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $180.88.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,198 shares of company stock valued at $44,183,576 in the last 90 days. Insiders own 0.06% of the company's stock.

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.