Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.3% - Here's Why

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shot up 0.3% on Friday . The company traded as high as $95.15 and last traded at $94.77. 9,206,366 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 42,735,685 shares. The stock had previously closed at $94.47.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMD shares. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Evercore ISI decreased their price objective on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. DZ Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Finally, Melius lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price target for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Advanced Micro Devices Price Performance

The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company's fifty day moving average is $98.72 and its 200 day moving average is $120.25. The firm has a market cap of $156.20 billion, a price-to-earnings ratio of 97.62, a PEG ratio of 1.11 and a beta of 1.89.

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

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently made changes to their positions in the company. Segment Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 0.5% during the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock worth $1,937,000 after buying an additional 87 shares in the last quarter. Breakwater Capital Group grew its position in shares of Advanced Micro Devices by 5.2% during the 4th quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 88 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of Advanced Micro Devices by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after purchasing an additional 91 shares in the last quarter. TFG Advisers LLC raised its position in shares of Advanced Micro Devices by 2.0% in the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after buying an additional 92 shares in the last quarter. Finally, BSW Wealth Partners raised its position in shares of Advanced Micro Devices by 1.1% in the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after buying an additional 94 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

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.