Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.1%

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report)’s share price fell 0.1% during mid-day trading on Friday . The company traded as low as $157.61 and last traded at $159.80. 15,120,069 shares were traded during trading, a decline of 77% from the average session volume of 66,017,914 shares. The stock had previously closed at $159.90.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Citigroup decreased their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Truist Financial cut their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and set a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $185.68.

Get Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Price Performance

The stock has a market cap of $257.25 billion, a P/E ratio of 235.00, a P/E/G ratio of 1.85 and a beta of 1.69. 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 business has a 50 day simple moving average of $159.95 and a 200-day simple moving average of $162.13.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently bought and sold shares of AMD. IMS Capital Management grew its position in shares of Advanced Micro Devices by 1.3% in the 1st quarter. IMS Capital Management now owns 7,142 shares of the semiconductor manufacturer’s stock worth $1,289,000 after buying an additional 90 shares during the last quarter. Jackson Wealth Management LLC grew its position in shares of Advanced Micro Devices by 1,081.7% in the 1st quarter. Jackson Wealth Management LLC now owns 17,820 shares of the semiconductor manufacturer’s stock worth $3,216,000 after buying an additional 16,312 shares during the last quarter. American Trust bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $222,000. OMC Financial Services LTD bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $8,177,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 22.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,666 shares of the semiconductor manufacturer’s stock worth $1,564,000 after buying an additional 1,607 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Articles

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.