Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 4.1%

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report)’s stock price fell 4.1% during trading on Tuesday . The company traded as low as $174.90 and last traded at $175.76. 24,227,771 shares traded hands during trading, a decline of 69% from the average session volume of 77,016,781 shares. The stock had previously closed at $183.34.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research report on Monday, January 8th. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Mizuho upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Citigroup increased their price target on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, The Goldman Sachs Group lifted 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. Four equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Check Out Our Latest Analysis on AMD

Advanced Micro Devices Trading Up 1.2 %

The company has a market capitalization of $292.15 billion, a PE ratio of 347.64, a P/E/G ratio of 2.69 and a beta of 1.64. 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 business has a fifty day moving average price of $182.06 and a 200 day moving average price of $143.60.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released 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. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the firm’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 owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 324,943 shares of company stock worth $59,919,994. 0.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently made changes to their positions in AMD. Activest Wealth Management bought a new stake in shares of Advanced Micro Devices during the third quarter valued at about $26,000. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $26,000. Castleview Partners LLC lifted its stake in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares during the period. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $27,000. Finally, O Dell Group LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $27,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

(Get Free Report)

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.

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