Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.1% - What's Next?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) fell 0.1% during mid-day trading on Friday . The stock traded as low as $137.19 and last traded at $137.35. 6,002,682 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 54,941,547 shares. The stock had previously closed at $137.49.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMD shares. BNP Paribas raised shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, July 31st. Robert W. Baird decreased their price target on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. Bank of America restated a "buy" rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices Price Performance

The firm's 50-day moving average is $153.95 and its 200-day moving average is $154.70. The company has a market capitalization of $224.68 billion, a PE ratio of 123.74, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company's revenue was up 17.6% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. International Assets Investment Management LLC raised its stake in shares of Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after buying an additional 7,815,305 shares during the period. Van ECK Associates Corp raised its stake in shares of Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock worth $1,402,412,000 after buying an additional 2,979,204 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after buying an additional 2,497,056 shares during the period. Renaissance Technologies LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth about $296,178,000. Finally, Swedbank AB bought a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $290,842,000. 71.34% of the stock is 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.

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