Advanced Micro Devices (NASDAQ:AMD) Trading 1.2% Higher – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 1.2% during mid-day trading on Tuesday . The company traded as high as $115.55 and last traded at $114.42. Approximately 12,662,058 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 41,004,348 shares. The stock had previously closed at $113.10.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Loop Capital began coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Citigroup downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Susquehanna lowered their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Stock Performance

The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $185.19 billion, a P/E ratio of 115.44, a PEG ratio of 1.04 and a beta of 1.65. The business has a 50 day moving average price of $120.07 and a 200 day moving average price of $138.57.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Insider Buying and Selling

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of the business. Swedbank AB boosted its position in Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after acquiring an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC boosted its position in Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in Advanced Micro Devices by 6.7% in the third quarter. Resonant Capital Advisors LLC now owns 5,903 shares of the semiconductor manufacturer’s stock valued at $969,000 after purchasing an additional 370 shares during the last quarter. New Century Financial Group LLC raised its holdings in Advanced Micro Devices by 13.5% in the third quarter. New Century Financial Group LLC now owns 1,724 shares of the semiconductor manufacturer’s stock worth $283,000 after purchasing an additional 205 shares in the last quarter. Finally, OLD National Bancorp IN lifted its position in shares of Advanced Micro Devices by 6.8% during the third quarter. OLD National Bancorp IN now owns 14,645 shares of the semiconductor manufacturer’s stock valued at $2,403,000 after buying an additional 934 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

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.