Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 0.8% during the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after acquiring an additional 1,153,611 shares in the last quarter. Jennison Associates LLC boosted its stake in Advanced Micro Devices by 5.9% in the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. Northern Trust Corp boosted its stake in Advanced Micro Devices by 2.5% in the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock valued at $1,631,021,000 after acquiring an additional 385,636 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Advanced Micro Devices by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock valued at $893,890,000 after acquiring an additional 79,817 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Advanced Micro Devices by 17.6% in the third quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock valued at $605,221,000 after acquiring an additional 881,140 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 transaction, 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. Over the last ninety days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMD shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Monday, January 8th. Mizuho increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Bank of America increased their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $3.63 during trading hours on Tuesday, reaching $152.27. 45,968,803 shares of the company were exchanged, compared to its average volume of 73,946,445. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The business’s 50 day simple moving average is $178.79 and its 200-day simple moving average is $149.88. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $246.09 billion, a P/E ratio of 292.83, a P/E/G ratio of 2.23 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting 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 company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

About Advanced Micro Devices

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.