Canton Hathaway LLC Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Canton Hathaway LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,714 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,110 shares during the quarter. Advanced Micro Devices comprises approximately 0.6% of Canton Hathaway LLC’s portfolio, making the stock its 25th biggest holding. Canton Hathaway LLC’s holdings in Advanced Micro Devices were worth $2,250,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC increased its stake in Advanced Micro Devices by 7.8% in the third quarter. Truvestments Capital LLC now owns 3,351 shares of the semiconductor manufacturer’s stock valued at $550,000 after acquiring an additional 242 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Advanced Micro Devices by 4.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 10,491 shares of the semiconductor manufacturer’s stock valued at $1,721,000 after purchasing an additional 469 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 74 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in Advanced Micro Devices by 47.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 197,878 shares of the semiconductor manufacturer’s stock worth $32,468,000 after buying an additional 63,621 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Advanced Micro Devices in the third quarter worth approximately $454,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

AMD opened at $139.99 on Monday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market cap of $227.18 billion, a price-to-earnings ratio of 124.64, a price-to-earnings-growth ratio of 1.91 and a beta of 1.71. The stock has a fifty day simple moving average of $153.67 and a two-hundred day simple moving average of $154.59. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the business earned $0.53 EPS. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on AMD. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Barclays decreased their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Insider Activity

In related news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

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.