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Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.3% - Should You Buy?

Advanced Micro Devices logo with Computer and Technology background

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 0.3% on Wednesday . The company traded as high as $126.64 and last traded at $125.34. 10,603,866 shares changed hands during trading, a decline of 80% from the average session volume of 53,605,766 shares. The stock had previously closed at $125.02.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Piper Sandler reaffirmed an "overweight" rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Citigroup lowered their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.36.

Read Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Down 2.9 %

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 firm has a 50 day simple moving average of $144.88 and a two-hundred day simple moving average of $151.35. The stock has a market cap of $197.02 billion, a P/E ratio of 109.38, a P/E/G ratio of 1.88 and a beta of 1.65.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Christopher J. Hasenberg Inc boosted its stake in Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after buying an additional 60 shares in the last quarter. Wealth Effects LLC lifted its holdings in shares of Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after acquiring an additional 65 shares during the period. Jacobsen Capital Management boosted its stake in shares of Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock valued at $554,000 after purchasing an additional 70 shares in the last quarter. Sigma Investment Counselors Inc. boosted its stake in shares of Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock valued at $243,000 after purchasing an additional 74 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC grew its holdings in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock worth $292,000 after purchasing an additional 74 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

About Advanced Micro Devices

(Get Free Report)

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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