Ilmarinen Mutual Pension Insurance Co Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Posted by Defense World Staff on Sep 13th, 2023

Ilmarinen Mutual Pension Insurance Co raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 235,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Advanced Micro Devices were worth $23,032,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AMD. Aspire Private Capital LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $12,055,230,000. Tucker Asset Management LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at about $31,000. Samalin Investment Counsel LLC increased its stake in Advanced Micro Devices by 112.5% during the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 180 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Advanced Micro Devices by 170.8% in the 1st quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock worth $41,000 after purchasing an additional 263 shares during the period. Finally, JNBA Financial Advisors lifted its stake in shares of Advanced Micro Devices by 186.7% in the 1st quarter. JNBA Financial Advisors now owns 430 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 68.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMD shares. Piper Sandler increased their price objective on shares of Advanced Micro Devices from $110.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Mizuho increased their target price on Advanced Micro Devices from $90.00 to $140.00 in a research note on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft upped their price target on Advanced Micro Devices from $80.00 to $110.00 in a report on Wednesday, June 14th. Argus lifted their price objective on shares of Advanced Micro Devices from $100.00 to $170.00 in a research note on Thursday, June 15th. Finally, KeyCorp upped their target price on shares of Advanced Micro Devices from $150.00 to $160.00 in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.19.

View Our Latest Analysis on AMD

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $105.31 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $110.46 and its two-hundred day moving average is $104.09. The firm has a market capitalization of $170.15 billion, a P/E ratio of -5,262.87, a PEG ratio of 5.91 and a beta of 1.80. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $132.83.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.32 billion. Advanced Micro Devices had a positive return on equity of 5.69% and a negative net margin of 0.11%. The firm’s quarterly revenue was down 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the sale, the executive vice president now directly owns 103,663 shares in the company, valued at $11,010,047.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the sale, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the sale, the chief executive officer now owns 3,192,774 shares of the company’s stock, valued at $356,281,650.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,643 shares of company stock worth $13,490,584. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.