137,183 Shares in Advanced Micro Devices, Inc. $AMD Acquired by Generate Investment Management Ltd

Generate Investment Management Ltd bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, Holdings Channel reports. The fund bought 137,183 shares of the semiconductor manufacturer’s stock, valued at approximately $27,907,000. Advanced Micro Devices comprises about 1.4% of Generate Investment Management Ltd’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Clark Asset Management LLC raised its stake in shares of Advanced Micro Devices by 26.0% during the first quarter. Clark Asset Management LLC now owns 1,402 shares of the semiconductor manufacturer’s stock valued at $285,000 after acquiring an additional 289 shares during the last quarter. Roble Belko & Company Inc lifted its holdings in shares of Advanced Micro Devices by 191.7% during the first quarter. Roble Belko & Company Inc now owns 458 shares of the semiconductor manufacturer’s stock worth $93,000 after purchasing an additional 301 shares during the period. Global Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 5.2% in the first quarter. Global Wealth Management LLC now owns 1,015 shares of the semiconductor manufacturer’s stock worth $206,000 after purchasing an additional 50 shares during the last quarter. Tactive Advisors LLC grew its stake in shares of Advanced Micro Devices by 19.6% in the first quarter. Tactive Advisors LLC now owns 7,800 shares of the semiconductor manufacturer’s stock worth $1,587,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 6.3% in the first quarter. Warren Street Wealth Advisors LLC now owns 1,928 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 115 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMD shares. Morgan Stanley raised their target price on Advanced Micro Devices from $360.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Evercore reiterated an “outperform” rating and issued a $579.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 19th. Seaport Research Partners raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price target for the company in a research note on Wednesday, May 6th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC raised Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $430.68.

Insider Activity at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 378,032 shares of company stock worth $161,876,596. 0.50% of the stock is currently owned by insiders.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD gained after expanding FSR GPU driver support to older graphics cards, a move that could improve customer satisfaction and extend the life of its GPU ecosystem. Article Title
• Positive Sentiment: AMD was also supported by broader strength in chip stocks, as investors rotated into semiconductors on improving risk sentiment and continued AI spending optimism. Article Title
• Positive Sentiment: Commentary highlighted AMD as a strong AI-chip contender that could benefit from further growth in data center and networking demand, reinforcing the bullish long-term narrative. Article Title
• Neutral Sentiment: Several articles framed AMD as having already doubled this year and trading well above technical support levels, which may prompt some investors to question how much upside is left near current highs. Article Title
• Negative Sentiment: Investor caution also came from reports that David Tepper’s Appaloosa trimmed its AMD stake by about 32%, which can be read as a modest confidence signal against the stock’s recent surge. Article Title
• Negative Sentiment: Another bearish headline noted heavy insider selling, with more than $60 million in AMD shares reportedly sold in early June, which may raise concerns about valuation and near-term upside. Article Title

Advanced Micro Devices Stock Up 2.7%

Advanced Micro Devices stock opened at $551.63 on Tuesday. The company has a market capitalization of $899.49 billion, a PE ratio of 180.86, a PEG ratio of 1.58 and a beta of 2.50. Advanced Micro Devices, Inc. has a 12-month low of $126.82 and a 12-month high of $562.99. The firm’s fifty day moving average is $423.46 and its 200 day moving average is $288.05. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same period last year, the company posted $0.96 earnings per share. The business’s quarterly revenue was up 37.8% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.