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

Harfst & Associates Inc. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,712 shares of the semiconductor manufacturer’s stock after purchasing an additional 386 shares during the quarter. Advanced Micro Devices accounts for approximately 0.7% of Harfst & Associates Inc.’s investment portfolio, making the stock its 24th biggest holding. Harfst & Associates Inc.’s holdings in Advanced Micro Devices were worth $2,906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after purchasing an additional 116,020 shares during the period. Chapin Davis Inc. boosted its stake in shares of Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after acquiring an additional 10,544 shares in the last quarter. Wesbanco Bank Inc. grew its position in shares of Advanced Micro Devices by 15.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after acquiring an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $2,394,000. Finally, Sycomore Asset Management raised its holdings in Advanced Micro Devices by 28.6% in the 2nd quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after purchasing an additional 30,677 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 0.2 %

NASDAQ AMD traded down $0.28 during trading hours on Friday, reaching $155.97. The company had a trading volume of 23,822,985 shares, compared to its average volume of 57,453,762. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $252.10 billion, a P/E ratio of 229.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The stock has a 50-day moving average of $153.86 and a 200 day moving average of $156.94. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMD. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 7th. Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Piper Sandler lifted their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Edward Jones started coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating for the company. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices 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.