Eurizon Capital SGR S.p.A. Acquires 117,497 Shares of Advanced Micro Devices, Inc. $AMD

Eurizon Capital SGR S.p.A. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,304,994 shares of the semiconductor manufacturer’s stock after buying an additional 117,497 shares during the quarter. Advanced Micro Devices comprises 2.1% of Eurizon Capital SGR S.p.A.’s portfolio, making the stock its 7th biggest holding. Eurizon Capital SGR S.p.A.’s holdings in Advanced Micro Devices were worth $797,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. DecisionPoint Financial LLC increased its position in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 19 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Advanced Micro Devices in the third quarter worth about $29,000. JNBA Financial Advisors raised its stake in shares of Advanced Micro Devices by 142.9% in the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 30 shares during the last quarter. Downshift Financial LLC raised its stake in shares of Advanced Micro Devices by 850.0% in the third quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 51 shares during the last quarter. Finally, Sawyer & Company Inc bought a new position in Advanced Micro Devices in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Recent Advanced Micro Devices Headlines

Investors following AMD have been watching these headlines:

• Positive Sentiment: AMD introduced its Instinct MI450X data-center GPU, broadening its AI chip offering. The company also expanded its PsiQuantum partnership and plans to invest in the quantum-computing firm, a longer-term opportunity. AMD unveils new AI GPU AMD PsiQuantum investment
• Positive Sentiment: Reports of Nvidia CEO Jensen Huang’s resignation and the ensuing uncertainty prompted investors to rotate toward rival chipmakers, potentially giving AMD an opportunity to capture market share. Nvidia turmoil and AMD
• Neutral Sentiment: The competitive opening is not assured: Nvidia retains a substantial data-center position, and uncertainty at a rival does not itself guarantee AMD wins orders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Robert W. Baird set a $1,250.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. HSBC reiterated a “hold” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, November 5th. Melius Research set a $650.00 target price on Advanced Micro Devices in a research note on Wednesday, November 4th. Finally, HC Wainwright started coverage on Advanced Micro Devices in a research report on Thursday. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $640.11.

Advanced Micro Devices Stock Up 5.9%

Shares of NASDAQ AMD opened at $585.30 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The firm’s 50-day moving average is $552.99 and its 200-day moving average is $420.72. The company has a current ratio of 2.72, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $959.94 billion, a PE ratio of 127.24, a price-to-earnings-growth ratio of 5.32 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. Advanced Micro Devices’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 6.93 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa Su sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $506.80, for a total value of $35,476,000.00. Following the transaction, the chief executive officer directly owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. This trade represents a 2.26% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 223,588 shares of company stock valued at $111,208,302. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.