Hartline Investment Corp Has $15.62 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hartline Investment Corp cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,981 shares of the semiconductor manufacturer's stock after selling 18,924 shares during the period. Advanced Micro Devices comprises about 2.1% of Hartline Investment Corp's portfolio, making the stock its 16th largest position. Hartline Investment Corp's holdings in Advanced Micro Devices were worth $15,615,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMD. Brighton Jones LLC raised its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after acquiring an additional 29,825 shares in the last quarter. Keybank National Association OH increased its position in shares of Advanced Micro Devices by 3.4% during the fourth quarter. Keybank National Association OH now owns 65,226 shares of the semiconductor manufacturer's stock worth $7,879,000 after acquiring an additional 2,173 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $326,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $0.59 during mid-day trading on Friday, reaching $137.93. 28,645,993 shares of the company were exchanged, compared to its average volume of 42,135,071. The company's 50-day simple moving average is $117.84 and its 200-day simple moving average is $111.58. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $223.64 billion, a P/E ratio of 101.42, a P/E/G ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

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

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Evercore ISI set a $144.00 price objective on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research report on Friday, June 13th. Sanford C. Bernstein reissued a "reduce" rating on shares of Advanced Micro Devices in a research report on Tuesday. Finally, Benchmark reaffirmed a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $138.74.

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.