Generali Powszechne Towarzystwo Emerytalne bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 140,000 shares of the semiconductor manufacturer’s stock, valued at approximately $19,866,000. Advanced Micro Devices accounts for 4.1% of Generali Powszechne Towarzystwo Emerytalne’s portfolio, making the stock its 10th biggest holding.
Several other institutional investors have also recently made changes to their positions in AMD. Brighton Jones LLC increased its position in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Advanced Micro Devices by 18.7% during the 1st quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer’s stock valued at $2,009,000 after acquiring an additional 3,084 shares during the period. Continuum Advisory LLC raised its position in Advanced Micro Devices by 4.8% during the 1st quarter. Continuum Advisory LLC now owns 2,897 shares of the semiconductor manufacturer’s stock valued at $298,000 after purchasing an additional 133 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Advanced Micro Devices by 3.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 691,693 shares of the semiconductor manufacturer’s stock worth $71,065,000 after acquiring an additional 20,594 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Trading Down 1.1%
Advanced Micro Devices stock opened at $238.03 on Wednesday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $242.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The firm has a market cap of $386.29 billion, a price-to-earnings ratio of 136.80, a price-to-earnings-growth ratio of 2.20 and a beta of 1.90. The firm’s 50 day moving average price is $178.59 and its two-hundred day moving average price is $143.81.
Insider Buying and Selling at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,800 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,118 shares of company stock valued at $46,180,719 over the last three months. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
AMD has been the topic of a number of recent analyst reports. Citigroup increased their price target on Advanced Micro Devices from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. KGI Securities set a $260.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, October 13th. Hsbc Global Res upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Finally, Susquehanna increased their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $233.94.
Get Our Latest Stock Analysis on Advanced Micro Devices
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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