Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.5%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $157.66 and last traded at $153.05. Approximately 15,417,586 shares changed hands during trading, a decline of 79% from the average daily volume of 73,188,281 shares. The stock had previously closed at $152.27.

Analyst Ratings Changes

A number of research firms recently weighed in on AMD. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, April 17th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Evercore ISI initiated coverage on Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price for the company. Truist Financial raised their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Price Performance

The stock has a market capitalization of $248.50 billion, a price-to-earnings ratio of 295.70, a PEG ratio of 2.32 and a beta of 1.64. The stock has a 50-day moving average price of $177.79 and a 200 day moving average price of $149.92. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC raised its holdings 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 acquiring an additional 71 shares in the last quarter. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter valued at $27,000. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the fourth quarter valued at $28,000. Finally, Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.