Nordea Investment Management AB Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nordea Investment Management AB lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,748,872 shares of the semiconductor manufacturer's stock after buying an additional 289,110 shares during the quarter. Nordea Investment Management AB owned approximately 0.11% of Advanced Micro Devices worth $212,943,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Advanced Micro Devices by 22.3% during the fourth quarter. Versant Capital Management Inc now owns 1,379 shares of the semiconductor manufacturer's stock worth $167,000 after buying an additional 251 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $26,000. B. Riley Wealth Advisors Inc. boosted its position in Advanced Micro Devices by 2.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 60,761 shares of the semiconductor manufacturer's stock valued at $9,937,000 after purchasing an additional 1,279 shares in the last quarter. DGS Capital Management LLC boosted its position in Advanced Micro Devices by 98.7% during the third quarter. DGS Capital Management LLC now owns 2,452 shares of the semiconductor manufacturer's stock valued at $402,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Inspire Trust Co. N.A. grew its stake in Advanced Micro Devices by 68.7% in the third quarter. Inspire Trust Co. N.A. now owns 33,000 shares of the semiconductor manufacturer's stock valued at $5,415,000 after purchasing an additional 13,441 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $2.22 on Tuesday, hitting $127.33. The company's stock had a trading volume of 39,126,274 shares, compared to its average volume of 39,542,281. The company has a market capitalization of $206.63 billion, a price-to-earnings ratio of 114.71, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The firm has a fifty day moving average price of $134.07 and a 200-day moving average price of $147.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $117.90 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business's revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last 90 days. Corporate insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Mizuho cut their price target on shares of Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Evercore ISI increased their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Benchmark restated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Finally, TD Cowen decreased their price target on Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $191.96.

Advanced Micro Devices 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.