Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.2% - Here's What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 1.2% during trading on Tuesday . The company traded as high as $115.55 and last traded at $114.42. 12,662,058 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 41,004,348 shares. The stock had previously closed at $113.10.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. KeyCorp decreased their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Evercore ISI upped their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Wolfe Research downgraded Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 16th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Finally, Argus upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Thursday, February 6th. Two research 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 data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $158.70.

Advanced Micro Devices Price Performance

The business has a fifty day simple moving average of $119.16 and a two-hundred day simple moving average of $138.11. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $179.61 billion, a PE ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results 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%. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 1.9% during 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 buying an additional 177,700 shares during the period. Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock valued at $787,186,000 after buying an additional 12,500 shares during the period. Shum Financial Group Inc. bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $858,000. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after buying an additional 441,924 shares during the period. 71.34% of the stock is currently 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.