Swedbank AB Trims Stock Holdings in Advanced Micro Devices, Inc. $AMD

Key Points

• Swedbank AB reduced its holdings in Advanced Micro Devices, Inc. (AMD) by 29.8%, selling 676,510 shares during the first quarter and leaving them with 1,597,211 shares valued at approximately $164 million.
• Insiders at AMD, including CEO Lisa T. Su, have sold a total of 252,998 shares worth about $41.4 million in the last three months.
• The stock is currently down 2.4%, with a recent trading price of $155.67, following an earnings report that missed consensus estimates for EPS.

Swedbank AB lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 29.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,597,211 shares of the semiconductor manufacturer's stock after selling 676,510 shares during the period. Swedbank AB owned about 0.10% of Advanced Micro Devices worth $164,097,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMD. Brighton Jones LLC lifted its holdings in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after buying an additional 29,825 shares during the last quarter. Triumph Capital Management lifted its holdings in Advanced Micro Devices by 27.2% during the 4th quarter. Triumph Capital Management now owns 23,327 shares of the semiconductor manufacturer's stock worth $2,818,000 after buying an additional 4,992 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Advanced Micro Devices by 17.6% during the 4th quarter. ProShare Advisors LLC now owns 2,384,763 shares of the semiconductor manufacturer's stock worth $288,056,000 after buying an additional 356,932 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,998 shares of company stock worth $41,415,580 in the last three months. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 2.4%

AMD opened at $155.67 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The stock has a market cap of $252.63 billion, a P/E ratio of 89.47, a P/E/G ratio of 1.88 and a beta of 1.92. The stock's 50 day moving average price is $162.72 and its 200 day moving average price is $126.75.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMD. Seaport Res Ptn downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft set a $200.00 target price on Advanced Micro Devices in a report on Wednesday, August 6th. HSBC cut their price target on Advanced Micro Devices from $200.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday. Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.88.

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.

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