3,243 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Harfst & Associates Inc.

Harfst & Associates Inc. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, HoldingsChannel reports. The fund acquired 3,243 shares of the semiconductor manufacturer’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC increased its stake in shares of Advanced Micro Devices by 55.6% during the second quarter. Princeton Global Asset Management LLC now owns 280 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Better Money Decisions LLC raised its stake in Advanced Micro Devices by 74.1% in the 2nd quarter. Better Money Decisions LLC now owns 282 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 120 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in Advanced Micro Devices by 46.5% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 315 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Sargent Bickham Lagudis LLC boosted its stake in Advanced Micro Devices by 191.5% during the 2nd quarter. Sargent Bickham Lagudis LLC now owns 341 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 224 shares during the last quarter. Finally, Tradition Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 680.0% during the first quarter. Tradition Wealth Management LLC now owns 390 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 66.49% of the company’s stock.

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $108.08, for a total transaction of $13,510,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,816,603 shares of the company’s stock, valued at approximately $304,418,452.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devinder Kumar sold 63,045 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $107.72, for a total value of $6,791,207.40. Following the completion of the sale, the chief financial officer now directly owns 494,829 shares in the company, valued at approximately $53,302,979.88. The disclosure for this sale can be found here. Insiders sold 455,208 shares of company stock valued at $47,117,137 in the last 90 days. Company insiders own 1.00% of the company’s stock.

AMD stock opened at $102.82 on Wednesday. The business’s fifty day moving average price is $103.76 and its 200 day moving average price is $89.35. Advanced Micro Devices, Inc. has a 12-month low of $72.50 and a 12-month high of $122.49. The company has a current ratio of 2.70, a quick ratio of 2.09 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $124.72 billion, a PE ratio of 36.72, a P/E/G ratio of 1.04 and a beta of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Monday, July 26th. The semiconductor manufacturer reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.09. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.61 billion. Advanced Micro Devices had a net margin of 25.76% and a return on equity of 39.20%. The business’s revenue for the quarter was up 99.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 2.27 EPS for the current fiscal year.

AMD has been the subject of a number of recent research reports. Mizuho reiterated a “buy” rating and issued a $110.00 price objective (up previously from $107.00) on shares of Advanced Micro Devices in a report on Wednesday, July 28th. Benchmark lifted their price objective on Advanced Micro Devices from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 28th. Westpark Capital started coverage on Advanced Micro Devices in a report on Tuesday, May 25th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $130.00 price objective on shares of Advanced Micro Devices in a report on Friday, August 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $104.48.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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