Advanced Micro Devices (NASDAQ:AMD) Trading 1.1% Higher

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price traded up 1.1% during mid-day trading on Thursday . The company traded as high as $159.59 and last traded at $159.33. 11,067,646 shares traded hands during trading, a decline of 83% from the average session volume of 65,038,297 shares. The stock had previously closed at $157.54.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMD. Truist Financial dropped their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the company. in a report on Monday, June 10th. Finally, Mizuho reduced their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued 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 target price of $190.83.

Advanced Micro Devices Trading Up 0.4 %

The stock has a market cap of $255.76 billion, a P/E ratio of 231.96, a P/E/G ratio of 1.85 and a beta of 1.69. The company has a 50-day moving average price of $158.72 and a two-hundred day moving average price of $164.71. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

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, beating 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 business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices in the third quarter valued at about $27,000. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the fourth quarter worth about $28,000. Semmax Financial Advisors Inc. lifted its position in shares of Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the last quarter. Finally, Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. 71.34% of the stock is currently 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.