Harvest Fund Management Co. Ltd Has $1.15 Million Stake in Advanced Micro Devices, Inc. (AMD)

Harvest Fund Management Co. Ltd increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 734.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,273 shares of the semiconductor manufacturer’s stock after buying an additional 32,807 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Advanced Micro Devices were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. G&S Capital LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $388,000. Nissay Asset Management Corp Japan ADV increased its holdings in Advanced Micro Devices by 40.1% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 288,063 shares of the semiconductor manufacturer’s stock valued at $8,898,000 after purchasing an additional 82,474 shares during the last quarter. Arizona State Retirement System increased its holdings in Advanced Micro Devices by 5.0% in the 3rd quarter. Arizona State Retirement System now owns 212,631 shares of the semiconductor manufacturer’s stock valued at $6,568,000 after purchasing an additional 10,175 shares during the last quarter. GWM Advisors LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $624,000. Finally, Columbus Circle Investors acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $15,639,000. 66.23% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP James Robert Anderson sold 22,687 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $19.14, for a total transaction of $434,229.18. Following the transaction, the senior vice president now directly owns 355,577 shares in the company, valued at $6,805,743.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Devinder Kumar sold 113,519 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total transaction of $2,198,863.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,740,400 shares of company stock valued at $59,709,371. 1.80% of the stock is owned by corporate insiders.



NASDAQ:AMD opened at $17.20 on Wednesday. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 215.00, a price-to-earnings-growth ratio of 3.23 and a beta of 3.11. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37. Advanced Micro Devices, Inc. has a 52 week low of $9.04 and a 52 week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.35 earnings per share for the current fiscal year.

Several analysts recently weighed in on AMD shares. Stifel Nicolaus lifted their target price on shares of Advanced Micro Devices from $17.00 to $21.00 and gave the company a “buy” rating in a report on Monday, July 16th. Wells Fargo & Co reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, July 26th. Mizuho reiterated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Thursday, July 26th. BMO Capital Markets reiterated a “hold” rating and issued a $14.00 target price on shares of Advanced Micro Devices in a report on Thursday, July 26th. Finally, Cowen reiterated an “outperform” rating and issued a $25.00 target price (up previously from $21.00) on shares of Advanced Micro Devices in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices has an average rating of “Hold” and a consensus price target of $23.52.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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

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