Advanced Micro Devices (NASDAQ:AMD) Trading 1.2% Higher - Should You Buy?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) were up 1.2% during mid-day trading on Monday . The stock traded as high as $114.63 and last traded at $113.10. Approximately 32,392,694 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 41,959,376 shares. The stock had previously closed at $111.81.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMD shares. Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. UBS Group cut their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company cut their price target on Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Stock Down 0.5 %

The business has a 50-day simple moving average of $119.49 and a two-hundred day simple moving average of $138.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $185.01 billion, a price-to-earnings ratio of 115.32, a PEG ratio of 1.15 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.73% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after purchasing an additional 177,700 shares in the last quarter. Swiss National Bank increased its position in Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after buying an additional 12,500 shares in the last quarter. Shum Financial Group Inc. purchased a new position in Advanced Micro Devices during the third quarter worth $858,000. State Street Corp increased its position in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after buying an additional 441,924 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.