Achmea Investment Management B.V. Increases Stake in Advanced Micro Devices, Inc.

Achmea Investment Management B.V. recently reported an increase in its holdings of shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.0% during the fourth quarter, according to its latest submission to the Securities and Exchange Commission (SEC). The firm now owns 77,436 shares of the semiconductor manufacturer after acquiring an additional 14,465 shares during this time. The value of Achmea Investment Management's investment in Advanced Micro Devices stood at $9,354,000 at the close of the most recent quarter.

Recently, several institutional investors and hedge funds have adjusted their positions in Advanced Micro Devices as well. State Street Corp increased its shareholding by 2.3% in the third quarter, now owning 70,170,271 shares valued at approximately $11.51 billion following the purchase of 1,580,035 additional shares. Geode Capital Management LLC raised its stake by 1.3% in the same quarter, resulting in a total ownership of 34,243,843 shares worth around $5.60 billion after adding 441,924 shares. Fisher Asset Management LLC also increased its holdings by 1.2% during the fourth quarter, now possessing 24,086,020 shares worth nearly $2.91 billion after buying an extra 290,784 shares. Additionally, UBS Asset Management Americas LLC raised its stake by 8.7% during the third quarter, controlling 19,472,211 shares valued at about $3.20 billion after acquiring another 1,565,083 shares. Van ECK Associates Corp also boosted its investment in Advanced Micro Devices by 23.3% in the fourth quarter, now holding 11,859,744 shares worth approximately $1.43 billion. It is noteworthy that 71.34% of the shares are held by institutional investors.

Analyst Perspectives

Equity analysts have provided mixed opinions regarding Advanced Micro Devices. KeyCorp recently lowered its price target from $150.00 to $140.00 while maintaining an "overweight" rating on the stock. In another report, Bank of America revised its price target from $155.00 to $135.00, labeling it as "neutral." DZ Bank downgraded the rating from "buy" to "hold" with a $120.00 target. Morgan Stanley maintained a target price of $137.00, and Citigroup reiterated a "buy" rating in its analysis. Overall, the consensus rating stands at "Moderate Buy" with an average price target of $155.83, as per data from MarketBeat. Notably, the stock has received two sell ratings, nine hold ratings, nineteen buy ratings, and three strong buy ratings from analysts.

Insider Activities

In related news, on February 7th, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices. This transaction took place at an average price of $107.56 per share, leading to a total value of about $499,616.20. Following this purchase, Guido's ownership increased by 16.09%, bringing his total shares to 33,522, valued at approximately $3.61 million. This transaction was disclosed in a filed document with the SEC.

Performance of Advanced Micro Devices Stock

The stock of Advanced Micro Devices opened at $98.11 recently. The company holds a market capitalization of $158.99 billion, with a price-to-earnings ratio of 99.10. It also shows a P/E/G ratio of 1.11 and a beta of 1.74. The firm's debt-to-equity ratio registers at 0.03, with a current ratio of 2.62 and a quick ratio of 1.83. The company's 50-day simple moving average stands at $112.54, while the 200-day simple moving average is at $133.69. Advanced Micro Devices has seen its stock trading between a one-year low of $94.73 and a high of $196.93.

In its latest quarterly earnings report released on February 4th, Advanced Micro Devices reported earnings per share (EPS) of $1.07, matching analyst expectations. The company maintained a net margin of 6.36% and a return on equity of 7.42%. Analysts predict the company will post an EPS of 3.87 for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc. is a worldwide semiconductor company that operates through several segments, including Data Center, Client, Gaming, and Embedded. The company provides x86 microprocessors, graphics processing units (GPUs), chipsets, and semi-custom system-on-chip (SoC) products along with development services and technology.

Investment, Shares, Semiconductor