Christopher J. Hasenberg Inc Acquires Shares of 500 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Christopher J. Hasenberg Inc bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, HoldingsChannel reports. The firm bought 500 shares of the semiconductor manufacturer’s stock, valued at approximately $90,000. Advanced Micro Devices makes up approximately 0.0% of Christopher J. Hasenberg Inc’s holdings, making the stock its 29th largest holding.

A number of other hedge funds have also recently modified their holdings of AMD. Tradewinds Capital Management LLC boosted its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the 4th quarter worth about $28,000. Bare Financial Services Inc bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Finally, Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,650 shares of company stock worth $31,761,199. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Roth Mkm dropped their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Truist Financial lowered their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Wednesday, January 24th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Finally, Susquehanna lowered their target price on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.26.

Advanced Micro Devices Price Performance

AMD stock traded down $5.09 during midday trading on Thursday, hitting $160.43. The company’s stock had a trading volume of 91,769,689 shares, compared to its average volume of 68,298,305. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $259.31 billion, a price-to-earnings ratio of 235.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.66. The company has a 50 day moving average of $164.75 and a two-hundred day moving average of $157.32.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

About Advanced Micro Devices

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.