Generali Asset Management SPA SGR Buys 48,686 Shares of Advanced Micro Devices, Inc. $AMD

Generali Asset Management SPA SGR boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 73.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,160 shares of the semiconductor manufacturer’s stock after purchasing an additional 48,686 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Advanced Micro Devices were worth $16,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tritonpoint Wealth LLC grew its position in Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after acquiring an additional 72 shares in the last quarter. Scott & Selber Inc. lifted its stake in Advanced Micro Devices by 0.7% during the second quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock worth $1,485,000 after purchasing an additional 73 shares during the last quarter. Sandy Cove Advisors LLC lifted its stake in Advanced Micro Devices by 1.4% during the second quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after purchasing an additional 75 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in shares of Advanced Micro Devices by 3.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer’s stock worth $381,000 after purchasing an additional 85 shares in the last quarter. Finally, SLT Holdings LLC increased its position in shares of Advanced Micro Devices by 4.3% during the 2nd quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer’s stock valued at $306,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares in the company, valued at approximately $50,507,558.64. This represents a 5.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,318 shares of company stock worth $42,412,815 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Rosenblatt Securities boosted their target price on Advanced Micro Devices from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Piper Sandler reissued an “overweight” rating and set a $240.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on shares of Advanced Micro Devices and gave the stock a “hold” rating in a report on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $273.00 target price (up previously from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Finally, Evercore ISI lifted their target price on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.97.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $218.09 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $172.00 and a 200-day moving average price of $138.97. The company has a market cap of $353.93 billion, a price-to-earnings ratio of 125.34, a price-to-earnings-growth ratio of 2.54 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $240.10.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Advanced Micro Devices has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.