Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.44 Million Holdings in Advanced Micro Devices, Inc. (AMD)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,613 shares of the semiconductor manufacturer’s stock after selling 9,211 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Advanced Micro Devices were worth $2,443,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMD. Tudor Investment Corp ET AL acquired a new position in Advanced Micro Devices in the 1st quarter valued at approximately $216,000. Capstone Asset Management Co. raised its holdings in Advanced Micro Devices by 61.2% in the 2nd quarter. Capstone Asset Management Co. now owns 43,916 shares of the semiconductor manufacturer’s stock valued at $548,000 after acquiring an additional 16,680 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $196,000. Oregon Public Employees Retirement Fund acquired a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $1,027,000. Finally, LS Investment Advisors LLC raised its holdings in Advanced Micro Devices by 12.1% in the 2nd quarter. LS Investment Advisors LLC now owns 26,440 shares of the semiconductor manufacturer’s stock valued at $330,000 after acquiring an additional 2,863 shares in the last quarter. 60.02% of the stock is currently owned by institutional investors.

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up $0.04 during trading on Thursday, reaching $10.04. The company had a trading volume of 32,605,503 shares, compared to its average volume of 67,112,352. Advanced Micro Devices, Inc. has a fifty-two week low of $9.42 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.

A number of research firms recently weighed in on AMD. Barclays reaffirmed an “underweight” rating and set a $9.00 price target on shares of Advanced Micro Devices in a report on Thursday, August 10th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Advanced Micro Devices in a report on Tuesday, August 15th. Bank of America reiterated a “buy” rating and issued a $18.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 16th. Finally, Rosenblatt Securities reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, August 23rd. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.02.

In related news, CFO Devinder Kumar sold 113,519 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $11.04, for a total value of $1,253,249.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 82,709 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $13.62, for a total transaction of $1,126,496.58. The disclosure for this sale can be found here. Insiders have sold 1,274,783 shares of company stock valued at $15,346,419 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

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About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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