Harrell Investment Partners LLC Has $2.35 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harrell Investment Partners LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,425 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,248 shares during the quarter. Harrell Investment Partners LLC’s holdings in Advanced Micro Devices were worth $2,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its position in Advanced Micro Devices by 5.7% during the 2nd quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after acquiring an additional 15,975 shares during the last quarter. Mackenzie Financial Corp boosted its position in Advanced Micro Devices by 0.3% during the 2nd quarter. Mackenzie Financial Corp now owns 201,976 shares of the semiconductor manufacturer’s stock worth $32,763,000 after acquiring an additional 594 shares during the last quarter. Smith Thornton Advisors LLC acquired a new position in Advanced Micro Devices during the 2nd quarter worth approximately $208,000. Beaird Harris Wealth Management LLC boosted its position in Advanced Micro Devices by 45.8% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,559 shares of the semiconductor manufacturer’s stock worth $253,000 after acquiring an additional 490 shares during the last quarter. Finally, Ninepoint Partners LP raised its stake in shares of Advanced Micro Devices by 16.5% during the 2nd quarter. Ninepoint Partners LP now owns 4,406 shares of the semiconductor manufacturer’s stock worth $715,000 after purchasing an additional 623 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

AMD opened at $122.84 on Friday. The firm has a market cap of $199.35 billion, a P/E ratio of 110.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The business’s fifty day moving average is $128.12 and its 200-day moving average is $143.73.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMD shares. TD Cowen dropped their price objective on 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. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. KeyCorp dropped their price objective on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays dropped their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.33.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by corporate insiders.

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.