Advanced Micro Devices (NASDAQ:AMD) Shares Gap Down to $155.08

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $155.08, but opened at $151.59. Advanced Micro Devices shares last traded at $153.36, with a volume of 9,974,079 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. KeyCorp lifted their price target on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Roth Mkm raised their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. 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. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Trading Down 3.4 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company has a 50 day moving average of $180.16 and a two-hundred day moving average of $148.28. The stock has a market cap of $242.05 billion, a PE ratio of 291.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Advanced Micro Devices’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

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

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently bought and sold shares of the company. Addison Advisors LLC grew its position in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Prentice Wealth Management LLC grew its position in shares of Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares in the last quarter. Schear Investment Advisers LLC grew its position in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC grew its position in shares of Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.