Generali Investments CEE investicni spolecnost a.s. Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Generali Investments CEE investicni spolecnost a.s. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,351 shares of the semiconductor manufacturer's stock after acquiring an additional 16,191 shares during the quarter. Advanced Micro Devices accounts for approximately 0.9% of Generali Investments CEE investicni spolecnost a.s.'s holdings, making the stock its 21st largest holding. Generali Investments CEE investicni spolecnost a.s.'s holdings in Advanced Micro Devices were worth $9,283,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMD. Main Street Financial Solutions LLC grew its stake in Advanced Micro Devices by 3.9% during the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after purchasing an additional 98 shares during the last quarter. Plancorp LLC lifted its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after purchasing an additional 112 shares during the period. Jaffetilchin Investment Partners LLC lifted its holdings in shares of Advanced Micro Devices by 1.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after purchasing an additional 115 shares during the period. Alaethes Wealth LLC boosted its position in Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after buying an additional 115 shares during the last quarter. Finally, Sunflower Bank N.A. increased its holdings in Advanced Micro Devices by 4.3% in the 1st quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock worth $288,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $137.93 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The stock's fifty day moving average is $117.84 and its two-hundred day moving average is $111.58. The firm has a market capitalization of $223.64 billion, a P/E ratio of 101.42, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The company's revenue was up 35.9% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on AMD. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Sanford C. Bernstein reaffirmed a "reduce" rating on shares of Advanced Micro Devices in a report on Tuesday. Wells Fargo & Company reduced their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wedbush reissued an "outperform" rating and issued a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.74.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company's stock.

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.

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