Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.7%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 0.7% on Tuesday . The company traded as high as $157.70 and last traded at $156.85. 14,511,646 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 70,971,836 shares. The stock had previously closed at $155.78.

Analyst Ratings Changes

Several research firms recently issued reports on AMD. Susquehanna decreased 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 report on Monday, April 29th. Morgan Stanley dropped their price objective on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a report on Wednesday, January 31st. Finally, KeyCorp reduced their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $183.94.

Advanced Micro Devices Trading Down 0.9 %

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 company has a market cap of $249.57 billion, a P/E ratio of 230.46, a P/E/G ratio of 2.33 and a beta of 1.66. The business has a 50-day moving average price of $175.00 and a two-hundred day moving average price of $152.86.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company earned $0.43 EPS. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of the company’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 transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,850 shares of company stock worth $34,637,833. Company insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 102.9% in the 1st 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 last quarter. Peoples Bank KS bought a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth about $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. Finally, Bare Financial Services Inc acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $29,000. Institutional investors own 71.34% of the company’s stock.

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.