Generate Investment Management Ltd Invests $27.91 Million in Advanced Micro Devices, Inc. $AMD

Generate Investment Management Ltd purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 137,183 shares of the semiconductor manufacturer’s stock, valued at approximately $27,907,000. Advanced Micro Devices makes up 1.4% of Generate Investment Management Ltd’s holdings, making the stock its 18th largest position.

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

Analysts Set New Price Targets

A number of research analysts recently commented on AMD shares. Northland Securities restated a “market perform” rating and issued a $260.00 price target on shares of Advanced Micro Devices in a research report on Monday, April 27th. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Needham & Company LLC upgraded shares of Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Benchmark raised their target price on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Wedbush boosted their target price on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $430.68.

Advanced Micro Devices Trading Up 2.7%

AMD opened at $551.63 on Tuesday. The company’s 50 day moving average is $423.46 and its 200-day moving average is $288.05. Advanced Micro Devices, Inc. has a 1-year low of $126.82 and a 1-year high of $562.99. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company has a market cap of $899.49 billion, a P/E ratio of 180.86, a PEG ratio of 1.58 and a beta of 2.50.

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

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

Insider Activity

In related news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction on 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 sale, the director owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 378,032 shares of company stock valued at $161,876,596. 0.50% of the stock is currently owned by insiders.

About Advanced Micro Devices

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.