13,636 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Generali Investments Management Co LLC

Generali Investments Management Co LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, HoldingsChannel reports. The fund bought 13,636 shares of the semiconductor manufacturer’s stock, valued at approximately $1,647,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Investment House LLC boosted its stake in Advanced Micro Devices by 22.2% in the fourth quarter. Investment House LLC now owns 31,480 shares of the semiconductor manufacturer’s stock valued at $3,802,000 after acquiring an additional 5,726 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Advanced Micro Devices by 9.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 217,348 shares of the semiconductor manufacturer’s stock valued at $26,212,000 after acquiring an additional 19,470 shares in the last quarter. Vinva Investment Management Ltd boosted its stake in Advanced Micro Devices by 11.3% in the fourth quarter. Vinva Investment Management Ltd now owns 74,503 shares of the semiconductor manufacturer’s stock valued at $9,122,000 after acquiring an additional 7,541 shares in the last quarter. Bank of Marin boosted its stake in Advanced Micro Devices by 8.8% in the fourth quarter. Bank of Marin now owns 6,535 shares of the semiconductor manufacturer’s stock valued at $789,000 after acquiring an additional 528 shares in the last quarter. Finally, North Forty Two & Co. acquired a new position in Advanced Micro Devices in the fourth quarter valued at $202,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMD. Loop Capital began coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective for the company. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, TD Cowen reduced their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 1.0 %

Shares of AMD opened at $103.51 on Wednesday. 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’s 50-day moving average is $111.08 and its two-hundred day moving average is $132.53. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.69. The firm has a market capitalization of $167.74 billion, a P/E ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74.

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

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.