Advanced Micro Devices (NASDAQ:AMD) Shares Up 1.4% - Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price shot up 1.4% during mid-day trading on Wednesday . The stock traded as high as $127.51 and last traded at $126.29. 24,829,563 shares were traded during mid-day trading, a decline of 54% from the average session volume of 53,598,766 shares. The stock had previously closed at $124.60.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Mizuho dropped their target price on shares of Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Evercore ISI raised their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen decreased their target price on Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Roth Mkm reissued a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Bank of America downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price target for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $191.96.

Advanced Micro Devices Price Performance

The business's fifty day simple moving average is $140.58 and its 200 day simple moving average is $149.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market cap of $204.94 billion, a price-to-earnings ratio of 113.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

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 completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC bought a new position in Advanced Micro Devices during the second quarter valued at about $27,000. Finally, Ridgewood Investments LLC acquired a new position in Advanced Micro Devices during the second quarter worth about $35,000. 71.34% of the stock is currently owned by institutional investors.

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.