Advanced Micro Devices (NASDAQ:AMD) Trading Up 2.7%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was up 2.7% during trading on Friday . The company traded as high as $158.63 and last traded at $157.85. Approximately 19,845,539 shares changed hands during trading, a decline of 73% from the average daily volume of 72,485,953 shares. The stock had previously closed at $153.76.

Analyst Ratings Changes

Several analysts have issued reports on AMD shares. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday. Truist Financial lifted their price objective on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Evercore ISI assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $200.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Finally, TD Cowen increased their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Price Performance

The business’s 50 day moving average is $177.79 and its two-hundred day moving average is $149.92. 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 firm has a market capitalization of $254.38 billion, a PE ratio of 303.56, a price-to-earnings-growth ratio of 2.31 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMD. Tradewinds Capital Management LLC increased its position in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the period. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. 71.34% of the stock is owned by hedge funds and other 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.