Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.5%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 0.5% during mid-day trading on Wednesday . The company traded as high as $157.66 and last traded at $153.05. 15,417,586 shares traded hands during trading, a decline of 79% from the average session volume of 73,188,281 shares. The stock had previously closed at $152.27.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, April 4th. Evercore ISI initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Price Performance

The company’s 50-day moving average price is $178.79 and its 200-day moving average price is $149.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company has a market cap of $245.23 billion, a P/E ratio of 294.33, a P/E/G ratio of 2.26 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The shares were 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 owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in AMD. Washburn Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $231,000. Pathway Financial Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $229,000. Independence Bank of Kentucky boosted its holdings in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares during the period. Gendell Jeffrey L bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $3,085,000. Finally, Sara Bay Financial bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $315,000. 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.