Harrell Investment Partners LLC Purchases 1,248 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harrell Investment Partners LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,425 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,248 shares during the quarter. Harrell Investment Partners LLC’s holdings in Advanced Micro Devices were worth $2,346,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Creative Capital Management Investments LLC raised its position in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the last quarter. ZRC Wealth Management LLC raised its position in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $32,000. Finally, FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth about $41,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, 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 sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ:AMD opened at $122.84 on Friday. The stock has a market cap of $199.35 billion, a price-to-earnings ratio of 110.67, a PEG ratio of 1.09 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30. The business’s 50 day moving average is $128.12 and its 200 day moving average is $143.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Evercore ISI lifted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $176.33.

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.