Greenline Partners LLC Purchases Shares of 235 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greenline Partners LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 235 shares of the semiconductor manufacturer’s stock, valued at approximately $28,000.

Other hedge funds have also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the 4th quarter worth $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $32,000. Finally, IAG Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 74.7% during the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 118 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 1.1 %

AMD stock opened at $102.84 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The stock has a market cap of $166.22 billion, a price-to-earnings ratio of 103.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $97.41 and its 200 day moving average is $116.40.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter last year, the company posted $0.62 EPS. The business’s quarterly revenue was up 35.9% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMD. Piper Sandler reaffirmed an “overweight” rating and issued a $125.00 target price (down from $140.00) on shares of Advanced Micro Devices in a report on Wednesday. Bank of America raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Wednesday. Melius Research set a $110.00 target price on Advanced Micro Devices in a research note on Wednesday. Cantor Fitzgerald restated an “overweight” rating and set a $120.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.13.

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.