Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD) was up 0.1% during mid-day trading on Wednesday . The stock traded as high as $155.33 and last traded at $154.66. Approximately 10,451,661 shares changed hands during trading, a decline of 85% from the average daily volume of 70,552,828 shares. The stock had previously closed at $154.43.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. Evercore ISI lowered their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research note on Wednesday, January 31st. Roth Mkm lowered their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.94.

Advanced Micro Devices Stock Down 0.5 %

The business has a 50-day moving average price of $174.53 and a 200 day moving average price of $153.23. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $248.30 billion, a P/E ratio of 225.08, a P/E/G ratio of 2.33 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 over the last 90 days. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its position in Advanced Micro Devices by 102.9% during 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 in the last quarter. Peoples Bank KS acquired a new position in shares of Advanced Micro Devices during the third quarter valued at about $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Northwest Bank & Trust Co acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Finally, Bare Financial Services Inc purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Institutional investors own 71.34% of the company’s stock.

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.