Advanced Micro Devices (NASDAQ:AMD) Trading Up 1.1% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 1.1% during trading on Friday . The company traded as high as $101.80 and last traded at $100.62. 12,529,638 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 39,559,621 shares. The stock had previously closed at $99.51.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. UBS Group set a $175.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Benchmark reissued a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Stock Performance

The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $116.94 and a 200 day moving average of $136.87. The stock has a market capitalization of $161.74 billion, a P/E ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s 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 owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the business. Creative Capital Management Investments LLC grew its holdings in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the last quarter. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $26,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. 71.34% of the stock is currently owned by 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.