Advanced Micro Devices (NASDAQ:AMD) Trading 1.1% Higher

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 1.1% during trading on Thursday . The stock traded as high as $183.40 and last traded at $181.56. 23,667,467 shares were traded during mid-day trading, a decline of 69% from the average session volume of 77,344,898 shares. The stock had previously closed at $179.59.

Analyst Upgrades and Downgrades

AMD has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. UBS Group increased their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. KeyCorp raised their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. Finally, 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 research note on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $181.82.

Advanced Micro Devices Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The business’s fifty day moving average is $180.63 and its 200-day moving average is $140.69. The firm has a market cap of $291.70 billion, a P/E ratio of 349.16, a price-to-earnings-growth ratio of 2.67 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the business earned $0.54 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction 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 sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock valued at $59,919,994 in the last quarter. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in the stock. Fairfield Bush & CO. purchased a new position in Advanced Micro Devices during the first quarter valued at $836,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Advanced Micro Devices by 49.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after purchasing an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in shares of Advanced Micro Devices by 34.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after buying an additional 692 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Advanced Micro Devices by 104.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after buying an additional 4,072 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Advanced Micro Devices by 217.2% in the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after purchasing an additional 272,557 shares in the last quarter. Hedge funds and other 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.