Advanced Micro Devices (NASDAQ:AMD) Trading Up 2.8%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded up 2.8% on Tuesday . The company traded as high as $153.14 and last traded at $152.74. 17,762,898 shares changed hands during trading, a decline of 76% from the average session volume of 73,547,125 shares. The stock had previously closed at $148.64.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price objective for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Bank of America raised their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Morgan Stanley raised their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company raised their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Stock Up 3.1 %

The business has a fifty day moving average of $179.18 and a 200 day moving average of $149.56. The firm has a market cap of $247.56 billion, a P/E ratio of 293.74, a P/E/G ratio of 2.23 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tradewinds Capital Management LLC raised 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 valued at $25,000 after buying an additional 71 shares during the period. Peoples Bank KS bought a new stake in Advanced Micro Devices in the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices in the third quarter valued at approximately $27,000. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Finally, Bare Financial Services Inc bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.