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

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) dropped 0.1% during mid-day trading on Friday . The company traded as low as $97.83 and last traded at $98.72. Approximately 8,927,724 shares were traded during trading, a decline of 77% from the average daily volume of 39,414,543 shares. The stock had previously closed at $98.85.

Analysts Set New Price Targets

AMD has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. TD Cowen cut their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a report on Monday, January 13th. Melius downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price target for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Barclays cut their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $155.83.

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Advanced Micro Devices Price Performance

The company's 50 day moving average is $114.39 and its 200 day moving average is $135.13. 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 capitalization of $162.55 billion, a price-to-earnings ratio of 101.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction on Friday, February 7th. The shares were bought at an average cost 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 $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMD. Norges Bank acquired a new position in Advanced Micro Devices in the fourth quarter valued at $2,867,193,000. Toronto Dominion Bank increased its stake in shares of Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after acquiring an additional 4,461,609 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Advanced Micro Devices by 2,265.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after acquiring an additional 2,889,739 shares during the period. Northern Trust Corp increased its stake in shares of Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.