Advanced Micro Devices, Inc. (NASDAQ:AMD) shares gapped up prior to trading on Monday . The stock had previously closed at $32.05, but opened at $31.18. Advanced Micro Devices shares last traded at $31.89, with a volume of 38,847,510 shares.

Several research analysts have recently commented on the company. Credit Suisse Group set a $30.00 target price on Advanced Micro Devices and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Citigroup set a $8.00 target price on Advanced Micro Devices and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Atlantic Securities assumed coverage on Advanced Micro Devices in a research report on Monday, July 22nd. They issued a “neutral” rating and a $28.00 target price for the company. Mizuho set a $36.00 target price on Advanced Micro Devices and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, UBS Group lifted their target price on Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $31.59.

The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of $32.18 and a 200-day simple moving average of $28.09. The company has a market cap of $34.17 billion, a price-to-earnings ratio of 89.94, a price-to-earnings-growth ratio of 2.52 and a beta of 3.06.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 0.5 EPS for the current fiscal year.

In other Advanced Micro Devices news, insider Mark D. Papermaster sold 272,023 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.96, for a total transaction of $8,965,878.08. Following the completion of the transaction, the insider now owns 1,607,303 shares in the company, valued at approximately $52,976,706.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Devinder Kumar sold 127,735 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $28.30, for a total value of $3,614,900.50. Following the transaction, the chief financial officer now owns 709,990 shares of the company’s stock, valued at approximately $20,092,717. The disclosure for this sale can be found here. Insiders have sold a total of 1,878,524 shares of company stock valued at $60,911,813 in the last quarter. 1.50% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $25,000. Westside Investment Management Inc. acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $5,484,000. Advisory Alpha LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $26,000. Finally, First PREMIER Bank acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $30,000. Institutional investors own 62.86% of the company’s stock.

About Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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