Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares were up 1.1% during trading on Monday . The company traded as high as $168.49 and last traded at $166.20. Approximately 18,884,785 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 68,359,648 shares. The stock had previously closed at $164.47.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on AMD. Morgan Stanley dropped their price target on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. Susquehanna cut their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a report on Monday, April 29th. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, 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 note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.26.
Advanced Micro Devices Price Performance
The stock has a fifty day moving average of $167.27 and a two-hundred day moving average of $156.46. The stock has a market cap of $268.84 billion, a price-to-earnings ratio of 244.42, a price-to-earnings-growth ratio of 2.54 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 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 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.
Insider Activity at Advanced Micro Devices
In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,650 shares of company stock valued at $31,761,199. Insiders own 0.65% of the company’s stock.
Institutional Investors Weigh In On Advanced Micro Devices
Hedge funds have recently modified their holdings of the stock. Chase Investment Counsel Corp lifted its position in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after buying an additional 87 shares in the last quarter. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $231,000. Pathway Financial Advisors LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth $229,000. Independence Bank of Kentucky increased its holdings in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $1,759,000. 71.34% of the stock is owned by institutional investors and hedge funds.
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.