Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares were down 0.4% during trading on Thursday . The stock traded as low as $163.80 and last traded at $164.42. Approximately 14,279,112 shares traded hands during trading, a decline of 79% from the average daily volume of 67,503,578 shares. The stock had previously closed at $165.14.
Analyst Ratings Changes
Several analysts have commented on AMD shares. Benchmark reduced their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Roth Mkm cut their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley cut their target price on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Finally, Mizuho cut their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.26.
Advanced Micro Devices Trading Up 1.0 %
The company has a market cap of $269.52 billion, a PE ratio of 241.80, a price-to-earnings-growth ratio of 1.97 and a beta of 1.66. The business has a 50 day simple moving average of $163.28 and a two-hundred day simple moving average of $159.11. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current fiscal year.
Insider Buying and Selling
In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,972 shares of company stock valued at $31,444,628. 0.73% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at about $91,000. Cetera Advisor Networks LLC grew its stake in shares of Advanced Micro Devices by 13.3% during the first quarter. Cetera Advisor Networks LLC now owns 582,451 shares of the semiconductor manufacturer’s stock valued at $105,127,000 after acquiring an additional 68,461 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Advanced Micro Devices by 339.3% during the first quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor manufacturer’s stock valued at $28,362,000 after acquiring an additional 121,366 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Advanced Micro Devices by 381.2% during the first quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor manufacturer’s stock valued at $156,772,000 after acquiring an additional 688,081 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Advanced Micro Devices by 16.2% during the first quarter. Atria Investments Inc now owns 51,904 shares of the semiconductor manufacturer’s stock valued at $9,368,000 after acquiring an additional 7,236 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other 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.