E. Ohman J or Asset Management AB Has $49.71 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

E. Ohman J or Asset Management AB grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 411,551 shares of the semiconductor manufacturer’s stock after buying an additional 2,561 shares during the period. Advanced Micro Devices accounts for about 1.2% of E. Ohman J or Asset Management AB’s holdings, making the stock its 18th biggest holding. E. Ohman J or Asset Management AB’s holdings in Advanced Micro Devices were worth $49,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Welch Group LLC raised its position in shares of Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after purchasing an additional 2,981 shares during the period. Brown Lisle Cummings Inc. lifted its stake in shares of Advanced Micro Devices by 61.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 500 shares of the semiconductor manufacturer’s stock valued at $60,000 after buying an additional 190 shares in the last quarter. Tempus Wealth Planning LLC increased its position in shares of Advanced Micro Devices by 44.3% during the fourth quarter. Tempus Wealth Planning LLC now owns 5,702 shares of the semiconductor manufacturer’s stock worth $689,000 after acquiring an additional 1,750 shares in the last quarter. Calamos Wealth Management LLC lifted its stake in Advanced Micro Devices by 8.9% during the 4th quarter. Calamos Wealth Management LLC now owns 1,708 shares of the semiconductor manufacturer’s stock valued at $206,000 after acquiring an additional 140 shares in the last quarter. Finally, Blodgett Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 3.3% in the fourth quarter. Blodgett Wealth Advisors LLC now owns 6,257 shares of the semiconductor manufacturer’s stock valued at $756,000 after purchasing an additional 200 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, UBS Group dropped their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.77.

Advanced Micro Devices Stock Down 1.4 %

Shares of Advanced Micro Devices stock opened at $114.27 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $112.80 and a 12-month high of $227.30. The company has a market cap of $185.44 billion, a P/E ratio of 102.95, a PEG ratio of 1.03 and a beta of 1.66. The company’s fifty day simple moving average is $125.92 and its two-hundred day simple moving average is $141.11.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.

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.