Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Harvard Management Co. Inc.

Harvard Management Co. Inc. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 285.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 645,899 shares of the semiconductor manufacturer’s stock after purchasing an additional 478,493 shares during the quarter. Advanced Micro Devices comprises 6.4% of Harvard Management Co. Inc.’s investment portfolio, making the stock its 5th biggest position. Harvard Management Co. Inc.’s holdings in Advanced Micro Devices were worth $104,771,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Menard Financial Group LLC grew its holdings in shares of Advanced Micro Devices by 118.9% during the 2nd quarter. Menard Financial Group LLC now owns 4,915 shares of the semiconductor manufacturer’s stock worth $797,000 after purchasing an additional 2,670 shares during the period. Sierra Summit Advisors LLC increased its position in shares of Advanced Micro Devices by 0.6% during the second quarter. Sierra Summit Advisors LLC now owns 51,024 shares of the semiconductor manufacturer’s stock valued at $8,277,000 after acquiring an additional 320 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Advanced Micro Devices by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,374,415 shares of the semiconductor manufacturer’s stock valued at $871,761,000 after acquiring an additional 331,007 shares during the period. Angeles Investment Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Angeles Investment Advisors LLC now owns 2,259 shares of the semiconductor manufacturer’s stock worth $366,000 after acquiring an additional 869 shares during the last quarter. Finally, Valley Forge Investment Consultants Inc. ADV purchased a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $211,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $152.31 on Monday. The stock’s 50-day moving average price is $149.56 and its 200 day moving average price is $161.78. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $246.51 billion, a PE ratio of 223.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. KeyCorp dropped their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Barclays reduced their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Cantor Fitzgerald reduced their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

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.