Advanced Micro Devices (NASDAQ:AMD) Trading 0.4% Higher

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was up 0.4% during mid-day trading on Thursday . The company traded as high as $153.39 and last traded at $152.32. Approximately 16,043,102 shares traded hands during trading, a decline of 78% from the average daily volume of 72,814,227 shares. The stock had previously closed at $151.74.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMD shares. DZ Bank restated a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, March 7th. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Monday, January 8th. Roth Mkm lifted their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Finally, StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Up 1.3 %

The stock has a 50-day moving average of $178.25 and a 200-day moving average of $149.89. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The company has a market cap of $248.50 billion, a PE ratio of 292.93, a P/E/G ratio of 2.32 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period last year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the business. Tradewinds Capital Management LLC lifted its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the 3rd quarter valued at about $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Finally, Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.