Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 2.4% – Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares rose 2.4% on Tuesday . The stock traded as high as $117.79 and last traded at $116.97. Approximately 13,245,453 shares were traded during trading, a decline of 65% from the average daily volume of 37,475,715 shares. The stock had previously closed at $114.27.

Analyst Upgrades and Downgrades

AMD has been the subject of several research reports. Piper Sandler reissued an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Citigroup reduced their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, UBS Group reduced their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $169.35.

Advanced Micro Devices Trading Up 3.9 %

The business’s 50 day simple moving average is $125.38 and its two-hundred day simple moving average is $140.81. The stock has a market cap of $192.71 billion, a P/E ratio of 106.88, a PEG ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the business. Czech National Bank lifted its holdings in Advanced Micro Devices by 7.0% in the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after buying an additional 21,708 shares during the period. GAMMA Investing LLC increased its stake in Advanced Micro Devices by 25.6% in the third quarter. GAMMA Investing LLC now owns 18,749 shares of the semiconductor manufacturer’s stock valued at $3,076,000 after purchasing an additional 3,816 shares in the last quarter. Herbst Group LLC increased its stake in Advanced Micro Devices by 31.3% in the third quarter. Herbst Group LLC now owns 2,103 shares of the semiconductor manufacturer’s stock valued at $345,000 after purchasing an additional 501 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Advanced Micro Devices by 4.5% during the third quarter. Azzad Asset Management Inc. ADV now owns 10,681 shares of the semiconductor manufacturer’s stock worth $1,753,000 after acquiring an additional 456 shares in the last quarter. Finally, Consilio Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 13.9% during the third quarter. Consilio Wealth Advisors LLC now owns 1,890 shares of the semiconductor manufacturer’s stock worth $310,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.