Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.2% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price was down 2.2% on Monday . The company traded as low as $77.75 and last traded at $83.91. Approximately 28,507,158 shares traded hands during trading, a decline of 34% from the average daily volume of 43,012,939 shares. The stock had previously closed at $85.76.

Analysts Set New Price Targets

Several research firms have issued reports on AMD. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Friday, February 7th. Benchmark reiterated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Stifel Nicolaus reduced their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $151.34.

Advanced Micro Devices Trading Up 23.8 %

The firm has a market cap of $156.52 billion, a PE ratio of 97.82, a PEG ratio of 1.11 and a beta of 1.89. The firm has a fifty day simple moving average of $104.75 and a two-hundred day simple moving average of $127.40. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after buying an additional 588,595 shares during the last quarter. United Bank purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $516,000. Continuum Advisory LLC increased its position in Advanced Micro Devices by 10.4% during the 3rd quarter. Continuum Advisory LLC now owns 3,657 shares of the semiconductor manufacturer’s stock valued at $600,000 after buying an additional 343 shares in the last quarter. Finally, Executive Wealth Management LLC purchased a new position in Advanced Micro Devices during the third quarter valued at $8,676,000. Institutional investors 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.