Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.4%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 0.4% during mid-day trading on Thursday . The stock traded as high as $153.39 and last traded at $152.32. Approximately 16,043,102 shares were traded during trading, a decline of 78% from the average daily volume of 72,814,227 shares. The stock had previously closed at $151.74.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TD Cowen upped their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Susquehanna restated a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, April 4th. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, UBS Group upped their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. 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, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Price Performance

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 stock has a fifty day moving average price of $178.25 and a 200-day moving average price of $149.89. The company has a market cap of $248.50 billion, a PE ratio of 292.93, a price-to-earnings-growth ratio of 2.32 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting 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 business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 over the last three months. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ulland Investment Advisors LLC lifted its position in Advanced Micro Devices by 98.5% in the 1st quarter. Ulland Investment Advisors LLC now owns 655 shares of the semiconductor manufacturer’s stock worth $118,000 after buying an additional 325 shares during the last quarter. Gainplan LLC purchased a new stake in Advanced Micro Devices in the first quarter worth about $771,000. Strategy Asset Managers LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter valued at approximately $774,000. Bridges Investment Management Inc. bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $228,000. Finally, Equitable Trust Co. grew its holdings in Advanced Micro Devices by 13.2% in the first quarter. Equitable Trust Co. now owns 6,858 shares of the semiconductor manufacturer’s stock worth $1,238,000 after purchasing an additional 800 shares during the period. 71.34% of the stock is currently owned by 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.