Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Boosted by Second Line Capital LLC

Second Line Capital LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,357 shares of the semiconductor manufacturer's stock after purchasing an additional 3,519 shares during the period. Second Line Capital LLC's holdings in Advanced Micro Devices were worth $2,580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Summit Securities Group LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $32,000. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $0.97 on Wednesday, hitting $112.54. The company had a trading volume of 21,704,189 shares, compared to its average volume of 42,531,806. The company has a market cap of $182.47 billion, a PE ratio of 114.33, a PEG ratio of 1.11 and a beta of 1.97. The business has a 50 day moving average of $99.52 and a 200 day moving average of $114.51. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has initiated a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Robert W. Baird cut their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Loop Capital cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays raised their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices 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.