Advanced Micro Devices (NASDAQ:AMD) Shares Up 3.1%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 3.1% during trading on Monday . The company traded as high as $156.20 and last traded at $155.34. Approximately 19,423,838 shares were traded during trading, a decline of 73% from the average daily volume of 71,333,852 shares. The stock had previously closed at $150.60.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. New Street Research upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Wednesday, January 24th. Cantor Fitzgerald lowered their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Mizuho dropped their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $183.94.

Advanced Micro Devices Stock Performance

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 capitalization of $248.30 billion, a PE ratio of 225.92, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The firm’s 50 day moving average price is $174.53 and its 200-day moving average price is $153.23.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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 analysts’ expectations of $5.48 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,850 shares of company stock valued at $34,637,833. 0.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Addison Advisors LLC raised its stake in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Prentice Wealth Management LLC lifted its holdings in Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after acquiring an additional 62 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC increased its holdings in Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after buying an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC raised its holdings in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

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.