Financial Harvest LLC Buys Shares of 1,058 Advanced Micro Devices, Inc. $AMD

Financial Harvest LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,058 shares of the semiconductor manufacturer’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dynasty Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 7.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 10,108 shares of the semiconductor manufacturer’s stock valued at $2,165,000 after buying an additional 703 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Advanced Micro Devices by 7.1% in the fourth quarter. Natixis Advisors LLC now owns 1,376,848 shares of the semiconductor manufacturer’s stock valued at $294,866,000 after buying an additional 91,755 shares in the last quarter. Heritage Trust Co boosted its stake in shares of Advanced Micro Devices by 4.7% in the fourth quarter. Heritage Trust Co now owns 9,088 shares of the semiconductor manufacturer’s stock valued at $1,946,000 after buying an additional 405 shares in the last quarter. 3Chopt Investment Partners LLC boosted its stake in shares of Advanced Micro Devices by 10.9% in the fourth quarter. 3Chopt Investment Partners LLC now owns 1,731 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 170 shares in the last quarter. Finally, Allen Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Allen Investment Management LLC now owns 186,536 shares of the semiconductor manufacturer’s stock valued at $39,949,000 after buying an additional 2,274 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $445.51, for a total value of $55,688,750.00. Following the completion of the transaction, the chief executive officer directly owned 3,021,899 shares of the company’s stock, valued at approximately $1,346,286,223.49. This trade represents a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 339,532 shares of company stock valued at $119,504,341. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Sanford C. Bernstein upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $265.00 to $525.00 in a research note on Wednesday, May 6th. Morgan Stanley lifted their price target on 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. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $419.86.

Check Out Our Latest Research Report on Advanced Micro Devices

Key Headlines Impacting Advanced Micro Devices

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

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $521.54 on Wednesday. The stock has a fifty day moving average price of $333.88 and a 200 day moving average price of $257.70. The stock has a market cap of $850.42 billion, a PE ratio of 171.00, a P/E/G ratio of 1.50 and a beta of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $113.28 and a 1 year high of $527.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72.

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 (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’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 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current fiscal year.

About Advanced Micro Devices

(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.

See Also

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.