Harvest Fund Management Co. Ltd Sells 6,768 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harvest Fund Management Co. Ltd lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,663 shares of the semiconductor manufacturer’s stock after selling 6,768 shares during the quarter. Advanced Micro Devices comprises about 1.5% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 18th biggest position. Harvest Fund Management Co. Ltd’s holdings in Advanced Micro Devices were worth $9,390,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AMD. Peoples Bank KS bought a new position in Advanced Micro Devices in the 3rd quarter worth $26,000. Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices in the 3rd quarter worth $27,000. Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter worth $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Raleigh Capital Management Inc. grew its position in Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of several research analyst reports. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Wednesday, January 24th. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $190.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 4th. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. Finally, Evercore ISI assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price on the stock. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last quarter. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 2.4 %

NASDAQ:AMD traded up $3.63 during trading hours on Tuesday, hitting $152.27. The stock had a trading volume of 45,968,803 shares, compared to its average volume of 73,946,445. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company has a market cap of $246.09 billion, a price-to-earnings ratio of 292.83, a P/E/G ratio of 2.23 and a beta of 1.64. The business’s 50 day moving average is $178.79 and its 200-day moving average is $149.88.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

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.