Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.3%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price was down 0.3% during trading on Wednesday . The company traded as low as $175.40 and last traded at $177.32. Approximately 23,775,605 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 77,731,469 shares. The stock had previously closed at $177.87.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMD shares. Wells Fargo & Company raised their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. TD Cowen raised their price objective on Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Citigroup raised their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley raised their target price on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.82.

Advanced Micro Devices Stock Up 0.1 %

The firm has a market cap of $284.82 billion, a price-to-earnings ratio of 341.01, a price-to-earnings-growth ratio of 2.69 and a beta of 1.66. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $180.25 and a 200-day moving average of $140.19.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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 business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was 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 directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Meridian Wealth Management LLC grew its stake in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after purchasing an additional 118,090 shares in the last quarter. Gendell Jeffrey L purchased a new position in Advanced Micro Devices in the third quarter valued at about $3,085,000. Sara Bay Financial purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $315,000. Victory Capital Management Inc. boosted its stake in shares of Advanced Micro Devices by 6.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,460,506 shares of the semiconductor manufacturer’s stock worth $150,169,000 after acquiring an additional 86,571 shares in the last quarter. Finally, UG Investment Advisers Ltd. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $13,217,000. 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.