Advanced Micro Devices (NASDAQ:AMD) Shares Up 0.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares rose 0.1% during mid-day trading on Monday . The company traded as high as $149.89 and last traded at $146.73. Approximately 20,742,820 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 73,915,914 shares. The stock had previously closed at $146.64.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMD. The Goldman Sachs Group boosted their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research note on Monday, March 4th. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Stock Performance

The company has a market cap of $246.09 billion, a price-to-earnings ratio of 292.83, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64. The firm has a 50-day simple moving average of $178.79 and a 200 day simple moving average of $149.88. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s 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 completion of the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Addison Advisors LLC raised its holdings 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 worth $31,000 after acquiring an additional 62 shares during 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 during the period. 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 during the period. Schear Investment Advisers LLC increased its stake in 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 during the last quarter. Finally, Fiduciary Group LLC lifted its position in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 65 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.