Handelsbanken Fonder AB Has $581.41 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Handelsbanken Fonder increased its AMD position by 19.7% in the second quarter, reaching 1,000,860 shares valued at approximately $581.4 million. AMD represented about 1.7% of the fund’s holdings and was its 11th-largest position.
• AMD beat quarterly expectations with adjusted EPS of $1.66 and revenue of $11.54 billion, up 50.1% year over year. Despite the strong results, shares traded down 2.9% and remain exposed to valuation concerns, with a price-to-earnings ratio above 120.
• Insiders have been significant sellers: executives sold 285,934 shares worth approximately $130.4 million over the past three months, including CEO Lisa Su’s $57.6 million sale. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $546.87.

Handelsbanken Fonder AB boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,000,860 shares of the semiconductor manufacturer's stock after acquiring an additional 164,433 shares during the period. Advanced Micro Devices makes up approximately 1.7% of Handelsbanken Fonder AB's holdings, making the stock its 11th largest holding. Handelsbanken Fonder AB owned approximately 0.06% of Advanced Micro Devices worth $581,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AMD. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the fourth quarter worth $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $27,000. Basepoint Wealth LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $30,000. Finally, Graney & King LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter worth about $31,000. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 6,000 shares of Advanced Micro Devices stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the transaction, the executive vice president directly owned 1,233,687 shares of the company's stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their position. 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. In the last three months, insiders have sold 285,934 shares of company stock valued at $130,353,006. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 2.9%

AMD stock opened at $469.56 on Tuesday. The business has a fifty day moving average price of $513.75 and a 200 day moving average price of $361.67. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The stock has a market capitalization of $766.54 billion, a price-to-earnings ratio of 120.71 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business's revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 6.38 EPS for the current fiscal year.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AI inference strategy gains support: AMD’s acquisition of Taalas adds specialized inference-chip technology to its product roadmap, potentially improving performance and efficiency relative to competitors such as Nvidia and Google. Taalas Buyout Boosts AMD's AI Inference Abilities Against NVDA & GOOGL
• Positive Sentiment: Data-center expansion remains a growth catalyst: AMD’s Instinct Coder AI software stack and broader data-center push could strengthen its ability to capture enterprise AI spending. A partnership connected to Core Scientific provides access to more than 500 megawatts of U.S. data-center capacity beginning in 2027, with potential expansion to 2.5 gigawatts. What AMD's New Instinct Coder AI Stack and Data Center Push Means For Shareholders
• Positive Sentiment: Institutional demand and analyst targets offer support: AGF Management increased its AMD position by approximately 554,000 shares, while Migdal Insurance disclosed a new position valued at about $134 million. Several analysts maintain targets above the current trading level, including a recently reported JPMorgan target of $550. AGF Management New Holdings
• Neutral Sentiment: Strong results have not eliminated execution risk: AMD exceeded second-quarter earnings and revenue expectations, with revenue rising sharply year over year. However, investors remain focused on whether AI-related growth, capital spending and free cash flow can justify current expectations.
• Negative Sentiment: Valuation is a major overhang: Commentary argues AMD is priced close to perfection, leaving limited room for weaker guidance, slower AI spending or competitive setbacks. The stock’s high earnings multiple makes it particularly sensitive to changes in sentiment. AMD: (Almost) Priced To Perfection
• Negative Sentiment: Post-earnings selling and insider activity weigh on sentiment: AMD declined despite its quarterly beat, reflecting broader skepticism about AI spending and concerns about lower free cash flow. Reports also note extensive insider selling with no disclosed open-market purchases in the past six months, while at least one investor has turned bearish. Advanced Micro Devices Reported Record Revenue. AMD Stock Sank Anyway

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMD. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Barclays lowered Advanced Micro Devices from an "overweight" rating to an "underweight" rating in a research note on Friday, June 12th. BTIG Research raised Advanced Micro Devices to a "buy" rating in a report on Wednesday, May 6th. Needham & Company LLC upgraded Advanced Micro Devices to a "buy" rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial started coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a "market perform" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $546.87.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source