Harbour Investments Inc. Has $3.96 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harbour Investments Inc. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,741 shares of the semiconductor manufacturer’s stock after purchasing an additional 157 shares during the period. Harbour Investments Inc.’s holdings in Advanced Micro Devices were worth $3,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $32,000. Finally, IAG Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 118 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMD. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. KeyCorp lowered their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. UBS Group set a $175.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Bank of America reduced their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $100.97 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock’s 50-day simple moving average is $112.05 and its 200 day simple moving average is $133.14. The company has a market cap of $163.62 billion, a P/E ratio of 101.99, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $193.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

About Advanced Micro Devices

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.