Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.9%

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) shares dropped 0.9% during mid-day trading on Monday . The stock traded as low as $158.19 and last traded at $159.84. Approximately 9,314,402 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 65,617,125 shares. The stock had previously closed at $161.23.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMD. Piper Sandler reissued an “overweight” rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Susquehanna boosted their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10th. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th. Finally, Truist Financial decreased their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Get Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Trading Down 0.7 %

The company’s 50-day moving average is $158.71 and its 200-day moving average is $164.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The firm has a market cap of $258.80 billion, a price-to-earnings ratio of 235.06, a P/E/G ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the business. Tradewinds Capital Management LLC raised its stake in shares of Advanced Micro Devices by 102.9% in the 1st 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 during the period. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $27,000. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices during the fourth quarter worth $28,000. Semmax Financial Advisors Inc. grew its position in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. Finally, Bare Financial Services Inc acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Institutional investors and hedge funds 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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