Swedbank AB Increases Stock Position in Advanced Micro Devices, Inc. $AMD

Key Points

• Swedbank AB increased its stake in Advanced Micro Devices, Inc. by 77.1% in the second quarter, now owning approximately $401.35 million worth of shares.
• Other institutional investors have also significantly increased their holdings, including Goldman Sachs and T. Rowe Price, with substantial percentage increases in their investments.
• AMD reported $7.69 billion in revenue for the last quarter, exceeding estimates, but had earnings of $0.48 per share, which fell short of analyst expectations.

Swedbank AB increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 77.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,828,368 shares of the semiconductor manufacturer's stock after acquiring an additional 1,231,157 shares during the quarter. Swedbank AB owned about 0.17% of Advanced Micro Devices worth $401,345,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sandy Cove Advisors LLC boosted its holdings in Advanced Micro Devices by 1.4% in the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer's stock worth $776,000 after buying an additional 75 shares during the period. Seaview Investment Managers LLC boosted its stake in Advanced Micro Devices by 4.3% during the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after buying an additional 93 shares during the last quarter. Activest Wealth Management raised its stake in Advanced Micro Devices by 9.4% during the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer's stock valued at $117,000 after purchasing an additional 98 shares in the last quarter. Bangor Savings Bank raised its position in Advanced Micro Devices by 8.4% during the second quarter. Bangor Savings Bank now owns 1,314 shares of the semiconductor manufacturer's stock valued at $186,000 after purchasing an additional 102 shares during the period. Finally, Peterson Wealth Services lifted its holdings in shares of Advanced Micro Devices by 2.9% in the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Mizuho increased their price target on Advanced Micro Devices from $183.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Sanford C. Bernstein boosted their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Seaport Res Ptn downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Barclays lifted their price target on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $180.88.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $0.53 during mid-day trading on Friday, reaching $157.39. The company had a trading volume of 55,344,690 shares, compared to its average volume of 42,108,448. The stock has a market capitalization of $255.42 billion, a P/E ratio of 90.45, a PEG ratio of 1.86 and a beta of 1.92. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The stock has a 50 day moving average of $165.02 and a two-hundred day moving average of $129.14. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

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