Hartline Investment Corp Has $36.13 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hartline Investment Corp grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,197 shares of the semiconductor manufacturer's stock after purchasing an additional 12,837 shares during the quarter. Advanced Micro Devices makes up 4.5% of Hartline Investment Corp's portfolio, making the stock its 6th largest holding. Hartline Investment Corp's holdings in Advanced Micro Devices were worth $36,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Harvest Portfolios Group Inc. raised its holdings in shares of Advanced Micro Devices by 4.4% during the third quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer's stock valued at $24,029,000 after buying an additional 6,168 shares during the last quarter. Principal Financial Group Inc. raised its stake in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer's stock worth $50,214,000 after acquiring an additional 116,020 shares during the period. Laffer Tengler Investments Inc. grew its stake in shares of Advanced Micro Devices by 3,139.2% in the third quarter. Laffer Tengler Investments Inc. now owns 10,236 shares of the semiconductor manufacturer's stock worth $1,680,000 after purchasing an additional 9,920 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Advanced Micro Devices by 338.8% during the third quarter. Pittenger & Anderson Inc. now owns 47,695 shares of the semiconductor manufacturer's stock valued at $7,826,000 after purchasing an additional 36,825 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 3.0 %

NASDAQ:AMD traded down $4.33 during mid-day trading on Wednesday, reaching $139.30. The stock had a trading volume of 35,033,673 shares, compared to its average volume of 55,770,762. The stock has a market cap of $226.06 billion, a P/E ratio of 126.79, a PEG ratio of 1.99 and a beta of 1.71. The business's 50 day moving average is $154.55 and its 200 day moving average is $155.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business posted $0.53 EPS. Advanced Micro Devices's quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Wedbush reaffirmed an "outperform" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Morgan Stanley cut their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Piper Sandler reiterated an "overweight" rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Barclays reduced their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $192.79.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

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.