Harvest Investment Services LLC Has $1.78 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harvest Investment Services LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 46.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,730 shares of the semiconductor manufacturer’s stock after selling 12,882 shares during the period. Harvest Investment Services LLC’s holdings in Advanced Micro Devices were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AMD. Norges Bank bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $2,867,193,000. Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the period. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $165,952,000. Finally, Capital Research Global Investors bought a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $165,739,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $85.56 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a 50-day moving average of $100.41 and a 200-day moving average of $122.42. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a market cap of $138.29 billion, a P/E ratio of 86.43, a P/E/G ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMD shares. HSBC reissued a “reduce” rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Mizuho dropped their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Finally, UBS Group reduced their price target on Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.90.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.