Skandinaviska Enskilda Banken AB publ Sells 53,951 Shares of Advanced Micro Devices, Inc. $AMD

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 739,810 shares of the semiconductor manufacturer’s stock after selling 53,951 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Advanced Micro Devices were worth $119,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. Brighton Jones LLC grew its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares during the period. Sivia Capital Partners LLC boosted its position in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after buying an additional 2,970 shares during the period. Koshinski Asset Management Inc. grew its stake in Advanced Micro Devices by 21.5% in the 2nd quarter. Koshinski Asset Management Inc. now owns 6,000 shares of the semiconductor manufacturer’s stock worth $851,000 after acquiring an additional 1,063 shares in the last quarter. Finally, United Bank increased its position in shares of Advanced Micro Devices by 22.0% during the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after acquiring an additional 2,392 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Key Advanced Micro Devices News

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

• Positive Sentiment: Wall Street bullish — several analyst notes argue AMD has roughly 40% upside thanks to accelerating data-center and PC demand, underpinning renewed buy-side conviction. Read More.
• Positive Sentiment: Strategic India expansion — AMD and Tata Consultancy Services (TCS) will deploy a 200MW Helios rack-scale AI architecture in India to support large-scale AI training/inference for enterprises and sovereign AI initiatives, broadening AMD’s addressable AI market outside the U.S. Read More.
• Positive Sentiment: Deepening Tata alliance — coverage highlights AMD’s push to challenge NVIDIA in India via a deeper AI alliance with Tata, which could accelerate adoption of AMD inference/training platforms in a fast-growing market. Read More.
• Positive Sentiment: Analyst upgrades / consensus — AMD received a DA Davidson upgrade and an overall “moderate buy” consensus from analysts, supporting momentum in the stock. Upgrades can attract flows and lift short-term sentiment. Read More.
• Positive Sentiment: Institutional & thematic interest — inclusion in AI stock roundups and ownership by sustainability-focused funds highlights demand from thematic and ESG investors who favor AMD for digital infrastructure exposure. Read More.
• Neutral Sentiment: Comparative analysis — industry write-ups compare AMD vs. peers (e.g., Navitas, NVIDIA), noting AMD’s strong data-center growth and valuation dynamics; useful context but not an immediate catalyst. Read More.
• Neutral Sentiment: Short-interest data appears to be an anomaly — a reported “increase” showed zero shares and NaN changes, indicating a likely reporting error; no clear short-squeeze signal from this data. (data item)
• Negative Sentiment: Insider selling — CEO insider sales totaling roughly $26.8M were reported; while insider sales don’t always indicate long-term trouble, they can weigh on near-term sentiment and be used by bears as a caution. Read More.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the transaction, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. The trade was a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ava Hahn sold 2,442 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the completion of the sale, the senior vice president owned 16,359 shares of the company’s stock, valued at approximately $3,834,876.78. This trade represents a 12.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 291,342 shares of company stock worth $62,938,155 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMD. Stifel Nicolaus boosted their price target on Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Roth Mkm reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 26th. Royal Bank Of Canada restated a “sector perform” rating on shares of Advanced Micro Devices in a research note on Monday, February 2nd. Finally, Phillip Securities upgraded Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.17.

Advanced Micro Devices Trading Up 0.7%

Shares of NASDAQ AMD opened at $207.32 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The business has a fifty day moving average price of $221.05 and a 200 day moving average price of $206.50. The stock has a market capitalization of $338.02 billion, a P/E ratio of 78.23, a price-to-earnings-growth ratio of 0.78 and a beta of 1.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The business had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 34.1% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.