Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Hapanowicz & Associates Financial Services Inc

Hapanowicz & Associates Financial Services Inc cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,943 shares of the semiconductor manufacturer’s stock after selling 389 shares during the period. Advanced Micro Devices comprises about 0.2% of Hapanowicz & Associates Financial Services Inc’s investment portfolio, making the stock its 22nd biggest holding. Hapanowicz & Associates Financial Services Inc’s holdings in Advanced Micro Devices were worth $286,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Washburn Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth about $231,000. Independence Bank of Kentucky grew its stake in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Meridian Wealth Management LLC grew its stake in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after purchasing an additional 118,090 shares in the last quarter. Gendell Jeffrey L acquired a new position in Advanced Micro Devices in the third quarter worth about $3,085,000. Finally, Sara Bay Financial acquired a new position in Advanced Micro Devices in the fourth quarter worth about $315,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.7 %

NASDAQ AMD traded up $1.06 on Thursday, hitting $155.08. 52,621,231 shares of the stock were exchanged, compared to its average volume of 74,677,984. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company has a market capitalization of $250.63 billion, a price-to-earnings ratio of 299.77, a P/E/G ratio of 2.49 and a beta of 1.64. The company’s 50-day moving average price is $180.44 and its two-hundred day moving average price is $148.23.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the previous year, the company posted $0.54 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a report on Wednesday, January 31st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price target for the company from $180.00 to $225.00 in a report on Tuesday. Mizuho lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Susquehanna reaffirmed a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

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.