Harrington Investments INC Has $754,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harrington Investments INC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,335 shares of the semiconductor manufacturer’s stock after purchasing an additional 250 shares during the period. Harrington Investments INC’s holdings in Advanced Micro Devices were worth $754,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMD. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $65,897,000. Vanguard Group Inc. lifted its holdings in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. Empire Life Investments Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $717,000. Union Bancaire Privee UBP SA bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $34,366,000. Finally, bLong Financial LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $1,924,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, April 30th. Mizuho upped their price target on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Wall Street Zen upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Evercore ISI cut their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. Finally, Sanford C. Bernstein lowered their target price on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.58.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $116.19 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The business has a fifty day moving average of $101.39 and a 200-day moving average of $112.13. The firm has a market cap of $188.39 billion, a PE ratio of 117.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the prior year, the business posted $0.62 earnings per share. Advanced Micro Devices’s revenue was up 35.9% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business’s 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 directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.