Harvard Management Co. Inc. Sells 94,000 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harvard Management Co. Inc. lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 473,199 shares of the semiconductor manufacturer's stock after selling 94,000 shares during the period. Advanced Micro Devices makes up about 3.4% of Harvard Management Co. Inc.'s holdings, making the stock its 9th biggest position. Harvard Management Co. Inc.'s holdings in Advanced Micro Devices were worth $57,158,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $65,897,000. Enzi Wealth bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $569,000. Welch Group LLC grew its holdings in shares of Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after purchasing an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC grew its position in shares of Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after buying an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Advanced Micro Devices by 19.8% during the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after purchasing an additional 289,110 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Benchmark reissued a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. UBS Group dropped their price objective on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $139.57.

Advanced Micro Devices Trading Up 2.2 %

Shares of NASDAQ AMD traded up $2.15 during midday trading on Friday, hitting $98.80. The stock had a trading volume of 29,864,162 shares, compared to its average volume of 42,261,242. The firm has a market cap of $159.69 billion, a P/E ratio of 99.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company's 50-day simple moving average is $97.49 and its 200 day simple moving average is $118.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.