Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 111,725.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,730 shares of the semiconductor manufacturer's stock after buying an additional 44,690 shares during the period. Advanced Micro Devices makes up approximately 4.5% of Mountain Hill Investment Partners Corp.'s portfolio, making the stock its 12th largest position. Mountain Hill Investment Partners Corp.'s holdings in Advanced Micro Devices were worth $4,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Advanced Micro Devices during the 4th quarter worth $2,867,193,000. Toronto Dominion Bank increased its holdings in shares of Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after acquiring an additional 4,461,609 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after buying an additional 2,874,012 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Advanced Micro Devices by 12,097.8% in the first quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock valued at $206,402,000 after acquiring an additional 1,992,508 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $146.24 on Tuesday. The company has a market cap of $237.11 billion, a PE ratio of 107.53, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05. The stock's 50 day simple moving average is $123.08 and its 200-day simple moving average is $112.16. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $185.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has approved a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Sanford C. Bernstein reissued a "reduce" rating on shares of Advanced Micro Devices in a research report on Tuesday, July 1st. Mizuho lifted their price target on shares of Advanced Micro Devices from $135.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Evercore ISI set a $144.00 price target on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research report on Friday, June 13th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from $110.00 to $175.00 in a research report on Monday, June 23rd. Finally, Loop Capital dropped their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

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.

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