Advanced Micro Devices, Inc. $AMD Stock Position Reduced by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 253,831 shares of the semiconductor manufacturer’s stock after selling 74,025 shares during the period. Harvest Portfolios Group Inc.’s holdings in Advanced Micro Devices were worth $36,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Dogwood Wealth Management LLC raised its stake in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Avion Wealth lifted its position in Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares during the period. West Branch Capital LLC boosted its stake in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 214 shares in the last quarter. Bear Mountain Capital Inc. increased its position in shares of Advanced Micro Devices by 75.0% during the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 150 shares during the period. Finally, Financial Network Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 185.3% in the first quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Dbs Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. Erste Group Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Cowen reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday. Morgan Stanley raised their price objective on Advanced Micro Devices from $246.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Weiss Ratings lowered Advanced Micro Devices from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $263.26.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the completion of the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $384,529,181.40. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 274,118 shares of company stock worth $46,180,719. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Down 7.3%

NASDAQ:AMD opened at $237.70 on Friday. The business’s fifty day moving average price is $197.92 and its 200 day moving average price is $157.32. The firm has a market capitalization of $385.75 billion, a price-to-earnings ratio of 136.61, a PEG ratio of 2.42 and a beta of 1.93. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share 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.