Generali Investments CEE investicni spolecnost a.s. Buys Shares of 74,160 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 74,160 shares of the semiconductor manufacturer’s stock, valued at approximately $8,958,000. Advanced Micro Devices accounts for approximately 0.9% of Generali Investments CEE investicni spolecnost a.s.’s portfolio, making the stock its 19th biggest holding.

A number of other large investors have also recently modified their holdings of the business. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new position in Advanced Micro Devices in the third quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $100.31 on Friday. The firm has a market cap of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $114.39 and a 200-day moving average of $135.28. Advanced Micro Devices, Inc. has a 1-year low of $95.89 and a 1-year high of $227.30.

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

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Benchmark restated a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Finally, Susquehanna dropped their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Company 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.