Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Harvest Investment Services LLC

Harvest Investment Services LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 324 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after acquiring an additional 588,595 shares during the last quarter. Advisory Resource Group increased its holdings in Advanced Micro Devices by 19.3% in the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock valued at $1,300,000 after purchasing an additional 1,282 shares during the last quarter. Westside Investment Management Inc. raised its position in Advanced Micro Devices by 1.9% in the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock valued at $815,000 after purchasing an additional 103 shares during the period. Finally, Anchor Investment Management LLC lifted its stake in Advanced Micro Devices by 29.6% during the third quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer's stock worth $1,259,000 after purchasing an additional 1,754 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $2.17 during midday trading on Friday, reaching $96.64. 28,515,570 shares of the company were exchanged, compared to its average volume of 42,807,832. The company has a market capitalization of $156.20 billion, a price-to-earnings ratio of 97.62, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm's 50-day simple moving average is $99.07 and its 200-day simple moving average is $121.42. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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%. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Wedbush dropped their price target on shares of Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Wolfe Research lowered Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.

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.