Mandatum Life Insurance Co Ltd Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mandatum Life Insurance Co Ltd grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1,223.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,239 shares of the semiconductor manufacturer’s stock after purchasing an additional 26,105 shares during the quarter. Advanced Micro Devices makes up about 1.0% of Mandatum Life Insurance Co Ltd’s investment portfolio, making the stock its 22nd biggest position. Mandatum Life Insurance Co Ltd’s holdings in Advanced Micro Devices were worth $3,411,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Grove Bank & Trust lifted its holdings in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Grove Bank & Trust now owns 6,189 shares of the semiconductor manufacturer’s stock worth $748,000 after acquiring an additional 161 shares during the period. Brady Martz Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $482,000. Ballast Inc. boosted its holdings in shares of Advanced Micro Devices by 3.4% in the 4th quarter. Ballast Inc. now owns 8,666 shares of the semiconductor manufacturer’s stock valued at $1,047,000 after purchasing an additional 287 shares during the last quarter. Liberty One Investment Management LLC grew its stake in shares of Advanced Micro Devices by 17.1% during the 4th quarter. Liberty One Investment Management LLC now owns 7,363 shares of the semiconductor manufacturer’s stock valued at $889,000 after buying an additional 1,074 shares during the period. Finally, Romano Brothers AND Company increased its holdings in shares of Advanced Micro Devices by 7.8% during the 4th quarter. Romano Brothers AND Company now owns 13,579 shares of the semiconductor manufacturer’s stock worth $1,640,000 after buying an additional 980 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. 0.65% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMD shares. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Barclays cut their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.61.

Advanced Micro Devices Stock Up 2.5 %

AMD stock opened at $121.46 on Monday. The firm has a fifty day moving average price of $129.94 and a two-hundred day moving average price of $145.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The firm has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

About Advanced Micro Devices

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.