Advanced Micro Devices, Inc. $AMD Stock: Generali Investments Management Co LLC Grows Stake

Key Points

• Generali Investments Management increased its AMD stake by 148.7% in the third quarter, bringing its holdings to 17,519 shares valued at $10.7 million. Institutional investors collectively own 71.34% of AMD.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $603.51; Arete recently raised its target to $612 on AMD’s data-center and AI growth prospects.
• AMD faces valuation and sentiment risks: shares opened at $528.75 with a P/E ratio of 135.93, while insiders have sold $105.5 million of stock over the past three months and semiconductor-sector concerns have pressured the shares.

Generali Investments Management Co LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 148.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,519 shares of the semiconductor manufacturer's stock after buying an additional 10,475 shares during the quarter. Advanced Micro Devices accounts for 2.1% of Generali Investments Management Co LLC's holdings, making the stock its 12th biggest holding. Generali Investments Management Co LLC's holdings in Advanced Micro Devices were worth $10,717,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer's stock valued at $87,311,650,000 after acquiring an additional 4,535,126 shares in the last quarter. State Street Corp increased its position in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer's stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares during the period. Bank of America Corp DE bought a new position in Advanced Micro Devices during the second quarter worth about $7,022,226,000. Jennison Associates LLC raised its stake in Advanced Micro Devices by 5.8% in the 2nd quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer's stock worth $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Advanced Micro Devices by 33.9% in the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer's stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: Arete raised its AMD price target to $612 from $540, while recent commentary highlighted the company’s expanding data-center business, AI accelerator opportunity and open Helion rack-scale architecture. Arete Adjusts Price Target on Advanced Micro Devices
• Positive Sentiment: AMD’s credit-support agreement for Fermi’s Texas data-center power lease is viewed as a potential AI infrastructure catalyst, although Fermi still faces liquidity and lease-related risks. AMD's Support Could Help Fermi Stock
• Neutral Sentiment: ETF investors were net sellers of AMD on October 14, adding to short-term trading pressure but offering little insight into the company’s operating outlook. ETFs Are Net Sellers of AMD
• Negative Sentiment: A broad semiconductor selloff intensified after a Qualcomm jury verdict, with Arm, AMD and Taiwan Semiconductor declining together. Investors are questioning whether AI infrastructure spending can sustain current expectations, particularly as elevated interest rates pressure richly valued growth stocks. Arm and AMD Fall as Qualcomm Verdict Adds to Chip Selloff
• Negative Sentiment: Analysts and investors are also reassessing AMD’s elevated valuation, AI financing risks and the sustainability of extremely high data-center spending. Reports of widespread insider selling may further weigh on sentiment, even though institutional ownership remains substantial. AMD Slides as Chip Selloff Continues

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa Su sold 25,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the transaction, the chief executive officer directly owned 74,211 shares of the company's stock, valued at $37,609,392.69. This trade represents a 25.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares in the company, valued at $595,245,602.07. This trade represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 213,838 shares of company stock worth $105,533,836 in the last three months. Company insiders own 0.50% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $528.75 on Monday. The company has a market capitalization of $863.17 billion, a price-to-earnings ratio of 135.93, a PEG ratio of 5.43 and a beta of 2.45. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52. The firm's 50-day moving average price is $537.02 and its two-hundred day moving average price is $474.16.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The business's revenue for the quarter was up 50.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a report on Thursday, July 30th. UBS Group reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, October 5th. Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 5th. Finally, Zacks Research cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $603.51.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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