Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.5%

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report)’s share price shot up 1.5% during mid-day trading on Thursday . The company traded as high as $170.54 and last traded at $169.64. 19,003,956 shares were traded during mid-day trading, a decline of 75% from the average session volume of 75,137,680 shares. The stock had previously closed at $167.14.

Analyst Ratings Changes

A number of research firms recently issued reports on AMD. Barclays lifted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research note on Monday, March 4th. Wells Fargo & Company lifted their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. UBS Group lifted their target price on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Citigroup lifted their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.52.

Read Our Latest Analysis on AMD

Advanced Micro Devices Price Performance

The stock’s 50 day moving average is $181.15 and its two-hundred day moving average is $146.66. 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 market capitalization of $263.88 billion, a PE ratio of 314.01, a price-to-earnings-growth ratio of 2.55 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the company’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 value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 directly owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. Insiders sold 324,943 shares of company stock valued at $59,919,994 over the last three months. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of AMD. Washburn Capital Management Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth $231,000. Independence Bank of Kentucky raised its position in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Meridian Wealth Management LLC raised its position in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after acquiring an additional 118,090 shares in the last quarter. Gendell Jeffrey L purchased a new position in Advanced Micro Devices in the third quarter worth $3,085,000. Finally, Sara Bay Financial purchased a new position in Advanced Micro Devices in the fourth quarter worth $315,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

(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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