Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) gapped up prior to trading on Monday after KeyCorp raised their price target on the stock from $110.00 to $150.00. The stock had previously closed at $124.92, but opened at $128.52. Advanced Micro Devices shares last traded at $128.28, with a volume of 32,084,253 shares.
A number of other brokerages have also recently commented on AMD. Raymond James reduced their price target on Advanced Micro Devices from $115.00 to $110.00 in a research report on Wednesday, May 3rd. Craig Hallum raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $100.00 in a research note on Wednesday, May 3rd. Benchmark raised their price objective on shares of Advanced Micro Devices from $103.00 to $108.00 in a research report on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on Advanced Micro Devices from $70.00 to $80.00 in a research note on Monday, April 24th. Finally, Piper Sandler raised their target price on shares of Advanced Micro Devices from $110.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $102.17.
Insider Activity
In related news, EVP Mark D. Papermaster sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $91.39, for a total transaction of $2,741,700.00. Following the completion of the sale, the executive vice president now owns 1,516,945 shares in the company, valued at $138,633,603.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, EVP Devinder Kumar sold 16,265 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $94.85, for a total value of $1,542,735.25. Following the transaction, the executive vice president now directly owns 555,750 shares of the company’s stock, valued at approximately $52,712,887.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $91.39, for a total transaction of $2,741,700.00. Following the completion of the sale, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at approximately $138,633,603.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,765 shares of company stock worth $12,789,560. 0.73% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Advanced Micro Devices by 1.4% during the 1st quarter. UMB Bank n.a. now owns 7,569 shares of the semiconductor manufacturer’s stock worth $742,000 after buying an additional 108 shares during the last quarter. Liberty One Investment Management LLC raised its position in Advanced Micro Devices by 5.0% during the first quarter. Liberty One Investment Management LLC now owns 2,247 shares of the semiconductor manufacturer’s stock worth $220,000 after acquiring an additional 108 shares during the last quarter. Capital Advisory Group Advisory Services LLC grew its position in shares of Advanced Micro Devices by 2.9% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 3,939 shares of the semiconductor manufacturer’s stock valued at $386,000 after purchasing an additional 112 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Advanced Micro Devices by 2.1% in the first quarter. Continuum Advisory LLC now owns 5,452 shares of the semiconductor manufacturer’s stock valued at $466,000 after purchasing an additional 113 shares during the last quarter. Finally, Octavia Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 2.3% during the 1st quarter. Octavia Wealth Advisors LLC now owns 5,123 shares of the semiconductor manufacturer’s stock worth $502,000 after purchasing an additional 114 shares in the last quarter. 67.17% of the stock is owned by hedge funds and other institutional investors.
Advanced Micro Devices Price Performance
The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.74 and a current ratio of 2.38. The company has a 50-day moving average of $100.74 and a 200-day moving average of $85.68. The stock has a market capitalization of $205.18 billion, a price-to-earnings ratio of 552.70, a P/E/G ratio of 9.45 and a beta of 1.92.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Advanced Micro Devices had a return on equity of 7.19% and a net margin of 1.71%. During the same quarter last year, the business posted $1.02 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.17 earnings per share for the current fiscal year.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.