Oak Harvest Investment Services Has $2.87 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oak Harvest Investment Services grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,880 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,339 shares during the quarter. Oak Harvest Investment Services’ holdings in Advanced Micro Devices were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of AMD. Tempus Wealth Planning LLC raised its stake in Advanced Micro Devices by 8.8% in the 1st quarter. Tempus Wealth Planning LLC now owns 3,275 shares of the semiconductor manufacturer’s stock valued at $591,000 after acquiring an additional 265 shares during the period. First Trust Direct Indexing L.P. raised its stake in Advanced Micro Devices by 18.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 39,553 shares of the semiconductor manufacturer’s stock valued at $7,139,000 after acquiring an additional 6,123 shares during the period. Cornerstone Wealth Management LLC raised its stake in Advanced Micro Devices by 16.3% in the 1st quarter. Cornerstone Wealth Management LLC now owns 6,081 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after acquiring an additional 854 shares during the period. Kovack Advisors Inc. raised its stake in Advanced Micro Devices by 45.7% in the 1st quarter. Kovack Advisors Inc. now owns 26,628 shares of the semiconductor manufacturer’s stock valued at $4,806,000 after acquiring an additional 8,357 shares during the period. Finally, DMC Group LLC raised its stake in Advanced Micro Devices by 8.4% in the 1st quarter. DMC Group LLC now owns 12,610 shares of the semiconductor manufacturer’s stock valued at $2,276,000 after acquiring an additional 974 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of several analyst reports. KeyCorp decreased their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. Mizuho decreased their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley cut Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock. in a research report on Monday, June 10th. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $0.41 during trading hours on Thursday, hitting $163.90. 26,980,906 shares of the stock traded hands, compared to its average volume of 48,034,668. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm’s 50 day moving average price is $159.78 and its 200-day moving average price is $165.55. The stock has a market capitalization of $264.91 billion, a price-to-earnings ratio of 241.03, a P/E/G ratio of 1.90 and a beta of 1.68. 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 posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.61 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.