Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.8%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) fell 0.8% on Thursday . The stock traded as low as $150.61 and last traded at $152.44. 13,080,247 shares changed hands during trading, a decline of 81% from the average session volume of 70,120,859 shares. The stock had previously closed at $153.62.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Cantor Fitzgerald dropped their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Tuesday. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $183.94.

Advanced Micro Devices Price Performance

The firm has a market capitalization of $246.31 billion, a P/E ratio of 224.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The business has a 50 day simple moving average of $174.08 and a two-hundred day simple moving average of $153.24.

Advanced Micro Devices (NASDAQ:AMD) last released its 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 business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $316,571.48. Following the transaction, 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. Over the last ninety days, insiders have sold 181,850 shares of company stock valued at $34,637,833. 0.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. Brown Advisory Inc. boosted its stake in Advanced Micro Devices by 22.9% during the 3rd quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock valued at $2,827,000 after purchasing an additional 5,123 shares during the last quarter. FORVIS Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 8.0% in the third quarter. FORVIS Wealth Advisors LLC now owns 4,247 shares of the semiconductor manufacturer’s stock worth $437,000 after acquiring an additional 316 shares during the period. Simmons Bank raised its holdings in shares of Advanced Micro Devices by 6.0% during the third quarter. Simmons Bank now owns 2,196 shares of the semiconductor manufacturer’s stock valued at $226,000 after purchasing an additional 125 shares during the last quarter. TIAA Trust National Association bought a new position in Advanced Micro Devices during the third quarter valued at approximately $4,132,000. Finally, ING Groep NV boosted its holdings in Advanced Micro Devices by 37.5% in the third quarter. ING Groep NV now owns 509,360 shares of the semiconductor manufacturer’s stock worth $52,372,000 after purchasing an additional 138,897 shares during the last quarter. 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.