Harrington Investments INC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harrington Investments INC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 124.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,085 shares of the semiconductor manufacturer’s stock after buying an additional 3,935 shares during the quarter. Harrington Investments INC’s holdings in Advanced Micro Devices were worth $856,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hills Bank & Trust Co raised its stake in Advanced Micro Devices by 39.5% in the fourth quarter. Hills Bank & Trust Co now owns 7,731 shares of the semiconductor manufacturer’s stock valued at $934,000 after buying an additional 2,190 shares in the last quarter. Wellington Shields & Co. LLC increased its holdings in shares of Advanced Micro Devices by 53.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 907 shares of the semiconductor manufacturer’s stock valued at $110,000 after acquiring an additional 314 shares during the last quarter. First National Trust Co raised its position in shares of Advanced Micro Devices by 4.8% during the 4th quarter. First National Trust Co now owns 38,904 shares of the semiconductor manufacturer’s stock worth $4,699,000 after acquiring an additional 1,779 shares in the last quarter. Postrock Partners LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $1,088,000. Finally, Intact Investment Management Inc. lifted its stake in Advanced Micro Devices by 390,000.0% during the fourth quarter. Intact Investment Management Inc. now owns 3,901 shares of the semiconductor manufacturer’s stock worth $471,000 after purchasing an additional 3,900 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on AMD shares. Benchmark reissued a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. TD Cowen cut their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. HSBC restated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Melius Research reiterated a “hold” rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Finally, Barclays decreased their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 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 purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 2.9 %

NASDAQ:AMD opened at $100.97 on Friday. The stock has a market capitalization of $163.62 billion, a price-to-earnings ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $193.80. The stock has a fifty day moving average price of $112.05 and a two-hundred day moving average price of $133.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.