Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.3% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded down 0.3% on Thursday . The company traded as low as $125.34 and last traded at $125.92. 8,566,136 shares changed hands during trading, a decline of 84% from the average session volume of 53,415,371 shares. The stock had previously closed at $126.29.

Analysts Set New Price Targets

A number of brokerages have commented on AMD. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. UBS Group decreased their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Barclays cut their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $191.96.

Advanced Micro Devices Stock Down 0.3 %

The stock has a market capitalization of $204.41 billion, a P/E ratio of 113.48, a P/E/G ratio of 1.88 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $139.99 and its 200 day simple moving average is $149.68.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. Company 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 stock. Ridgewood Investments LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $35,000. UMB Bank n.a. boosted its stake in shares of Advanced Micro Devices by 6.7% during the 2nd quarter. UMB Bank n.a. now owns 15,384 shares of the semiconductor manufacturer’s stock worth $2,495,000 after acquiring an additional 962 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Advanced Micro Devices by 99.6% during the second quarter. Nations Financial Group Inc. IA ADV now owns 7,316 shares of the semiconductor manufacturer’s stock valued at $1,187,000 after purchasing an additional 3,650 shares during the last quarter. Smith Salley Wealth Management increased its stake in Advanced Micro Devices by 8.9% in the 2nd quarter. Smith Salley Wealth Management now owns 2,415 shares of the semiconductor manufacturer’s stock worth $392,000 after purchasing an additional 198 shares in the last quarter. Finally, OMC Financial Services LTD raised its holdings in Advanced Micro Devices by 4.3% during the 2nd quarter. OMC Financial Services LTD now owns 47,259 shares of the semiconductor manufacturer’s stock worth $7,666,000 after buying an additional 1,955 shares during the period. Institutional investors and hedge funds 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.