Fideuram Intesa Sanpaolo Private Banking S.P.A. Grows Stake in Advanced Micro Devices, Inc. $AMD

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 51.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,886 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,588 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Advanced Micro Devices were worth $9,335,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Jefferies Financial Group Inc. increased its position in shares of Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock worth $65,966,000 after acquiring an additional 303,154 shares during the last quarter. Boomfish Wealth Group LLC purchased a new position in Advanced Micro Devices in the first quarter valued at about $1,193,000. Williamson Legacy Group LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $1,118,000. Thoroughbred Financial Services LLC increased its holdings in Advanced Micro Devices by 8.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock worth $7,030,000 after purchasing an additional 2,654 shares during the last quarter. Finally, Valtinson Bruner Financial Planning LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $1,523,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. Bank of America increased their target price on Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Weiss Ratings raised shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup downgraded shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research note on Friday, June 12th. Rosenblatt Securities boosted their target price on shares of Advanced Micro Devices from $300.00 to $490.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley upped their target price on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $448.78.

View Our Latest Report on Advanced Micro Devices

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the transaction, the executive vice president owned 324,527 shares in the company, valued at approximately $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares in the company, valued at $661,663,348.71. This trade represents a 0.48% decrease in their ownership of the stock. 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. Insiders have sold 378,032 shares of company stock valued at $161,876,596 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $517.82 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $466.47 and its 200 day moving average price is $305.82. Advanced Micro Devices, Inc. has a fifty-two week low of $133.50 and a fifty-two week high of $584.73. The firm has a market cap of $844.36 billion, a price-to-earnings ratio of 169.78, a price-to-earnings-growth ratio of 1.59 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period last year, the firm posted $0.96 EPS. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Trending Headlines about Advanced Micro Devices

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

Advanced Micro Devices Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report).

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.