Generali Investments Towarzystwo Funduszy Inwestycyjnych Buys 5,600 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.6% in the fourth quarter, Holdings Channel reports. The fund owned 28,332 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,600 shares during the period. Advanced Micro Devices comprises approximately 2.0% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings, making the stock its 12th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Advanced Micro Devices were worth $3,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Linscomb Wealth Inc. raised its holdings in shares of Advanced Micro Devices by 11.2% in the fourth quarter. Linscomb Wealth Inc. now owns 15,496 shares of the semiconductor manufacturer’s stock valued at $1,872,000 after buying an additional 1,562 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $165,952,000. Proficio Capital Partners LLC raised its holdings in shares of Advanced Micro Devices by 16,434.2% in the fourth quarter. Proficio Capital Partners LLC now owns 589,443 shares of the semiconductor manufacturer’s stock valued at $71,199,000 after buying an additional 585,878 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Advanced Micro Devices by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 638,096 shares of the semiconductor manufacturer’s stock valued at $77,076,000 after buying an additional 13,200 shares during the last quarter. Finally, Flynn Zito Capital Management LLC raised its holdings in shares of Advanced Micro Devices by 1.8% in the fourth quarter. Flynn Zito Capital Management LLC now owns 16,859 shares of the semiconductor manufacturer’s stock valued at $2,036,000 after buying an additional 293 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMD. Barclays cut their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Loop Capital began coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $175.00 to $129.00 in a report on Friday, January 10th. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Price Performance

Shares of AMD opened at $99.51 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a 50 day simple moving average of $117.33 and a 200 day simple moving average of $137.15. Advanced Micro Devices, Inc. has a 52-week low of $99.50 and a 52-week high of $227.30. The firm has a market capitalization of $161.25 billion, a PE ratio of 100.52, a P/E/G ratio of 1.11 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Profile

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.