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

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

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research analyst reports. HSBC raised shares of 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 report on Tuesday, April 16th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Tuesday, May 7th. Mizuho cut 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 report on Wednesday, May 1st. TD Cowen upped their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Cantor Fitzgerald cut their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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 cap of $262.18 billion, a P/E ratio of 238.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.69. The firm’s fifty day moving average price is $159.12 and its 200 day moving average price is $164.86.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) 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 firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly 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 accessible through the SEC website. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently made changes to their positions in the business. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the first 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 last quarter. Semmax Financial Advisors Inc. increased its stake 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 during the last quarter. Valued Wealth Advisors LLC increased its stake in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 70 shares during the last quarter. Chelsea Counsel Co. purchased a new position in Advanced Micro Devices in the first quarter valued at approximately $34,000. Finally, Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. 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.