Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.4%

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report)’s share price traded down 1.4% during mid-day trading on Thursday . The stock traded as low as $157.91 and last traded at $158.00. 15,379,466 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 66,234,063 shares. The stock had previously closed at $160.24.

Analysts Set New Price Targets

A number of brokerages recently commented on AMD. Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Cantor Fitzgerald cut their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Tuesday, May 7th. Finally, KeyCorp reduced their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.68.

Check Out Our Latest Stock Report on AMD

Advanced Micro Devices Stock Up 0.2 %

The stock has a market cap of $259.47 billion, a P/E ratio of 232.36, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $160.07 and its 200 day moving average price is $162.14.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the last quarter. Valued Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 70 shares in the last quarter. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. Finally, Bare Financial Services Inc purchased a new position in Advanced Micro Devices in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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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