Harbor Investment Advisory LLC Sells 63 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harbor Investment Advisory LLC lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,415 shares of the semiconductor manufacturer’s stock after selling 63 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Advanced Micro Devices were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Advanced Micro Devices by 1.6% in the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Advanced Micro Devices by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock valued at $4,177,338,000 after purchasing an additional 570,035 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares in the last quarter. Wellington Management Group LLP grew its position in Advanced Micro Devices by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock worth $2,832,961,000 after purchasing an additional 478,718 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Advanced Micro Devices by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock valued at $2,159,039,000 after purchasing an additional 188,580 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $8.05 on Friday, reaching $170.90. 44,640,296 shares of the company were exchanged, compared to its average volume of 58,411,141. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The business has a 50-day moving average price of $148.16 and a 200 day moving average price of $158.07. The company has a market cap of $276.23 billion, a price-to-earnings ratio of 251.32, a P/E/G ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business earned $0.40 EPS. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. Barclays lowered their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday. Finally, Morgan Stanley increased their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

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.