Harfst & Associates Inc. Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harfst & Associates Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,652 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,940 shares during the quarter. Advanced Micro Devices accounts for approximately 0.6% of Harfst & Associates Inc.’s holdings, making the stock its 23rd largest position. Harfst & Associates Inc.’s holdings in Advanced Micro Devices were worth $3,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after buying an additional 12,500 shares during the period. Shum Financial Group Inc. bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $858,000. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after buying an additional 441,924 shares during the period. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Roth Capital set a $140.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Argus set a $160.00 price target on Advanced Micro Devices in a report on Thursday, February 6th. Finally, KeyCorp lowered their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 0.8 %

Shares of Advanced Micro Devices stock opened at $104.74 on Thursday. The firm has a market cap of $169.73 billion, a price-to-earnings ratio of 105.80, a PEG ratio of 1.11 and a beta of 1.66. The business has a 50-day moving average price of $117.72 and a 200-day moving average price of $137.42. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $103.62 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.