Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires 12,600 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,932 shares of the semiconductor manufacturer's stock after buying an additional 12,600 shares during the quarter. Advanced Micro Devices makes up approximately 2.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's investment portfolio, making the stock its 7th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Advanced Micro Devices were worth $4,205,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMD. Toronto Dominion Bank grew its position in shares of Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after purchasing an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Advanced Micro Devices by 2,265.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after purchasing an additional 2,889,739 shares during the last quarter. Northern Trust Corp grew its position in shares of Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Advanced Micro Devices by 12,097.8% in the first quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock valued at $206,402,000 after purchasing an additional 1,992,508 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Advanced Micro Devices by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock valued at $2,585,079,000 after purchasing an additional 1,929,225 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AMD shares. Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Monday, June 23rd. Jefferies Financial Group boosted their price target on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. DZ Bank cut Advanced Micro Devices from a "buy" rating to a "sell" rating and set a $150.00 price target for the company. in a research note on Wednesday. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $162.94.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 2.6%

Shares of NASDAQ:AMD opened at $171.70 on Friday. The company has a fifty day moving average of $138.58 and a 200-day moving average of $116.46. The company has a market capitalization of $278.39 billion, a PE ratio of 126.25, a price-to-earnings-growth ratio of 2.27 and a beta of 1.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $182.50.

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

Advanced Micro Devices announced that its board has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

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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