Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.2% - Here's What Happened

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) were down 0.2% during trading on Tuesday . The company traded as low as $137.14 and last traded at $138.65. Approximately 5,667,270 shares traded hands during trading, a decline of 90% from the average daily volume of 55,312,992 shares. The stock had previously closed at $138.93.

Analyst Ratings Changes

Several analysts have issued reports on the company. Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 28th. Barclays lowered their target price on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Wedbush restated an "outperform" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. BNP Paribas raised Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, Truist Financial reduced their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices Trading Up 0.1 %

The business has a 50-day moving average price of $154.53 and a two-hundred day moving average price of $155.02. The stock has a market capitalization of $225.73 billion, a P/E ratio of 124.91, a P/E/G ratio of 1.87 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

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

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was 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 $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Hillsdale Investment Management Inc. grew its holdings in Advanced Micro Devices by 21.9% during the first quarter. Hillsdale Investment Management Inc. now owns 1,669 shares of the semiconductor manufacturer's stock valued at $301,000 after purchasing an additional 300 shares during the period. Bessemer Group Inc. grew its stake in Advanced Micro Devices by 13.9% in the first quarter. Bessemer Group Inc. now owns 24,004 shares of the semiconductor manufacturer's stock valued at $4,332,000 after acquiring an additional 2,931 shares during the period. Pitcairn Co. grew its position in Advanced Micro Devices by 22.3% in the 1st quarter. Pitcairn Co. now owns 10,859 shares of the semiconductor manufacturer's stock worth $1,960,000 after purchasing an additional 1,978 shares in the last quarter. InterOcean Capital Group LLC increased its stake in shares of Advanced Micro Devices by 12.4% during the 1st quarter. InterOcean Capital Group LLC now owns 8,039 shares of the semiconductor manufacturer's stock worth $1,451,000 after purchasing an additional 889 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $7,494,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Micro Devices

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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