Advanced Micro Devices (NASDAQ:AMD) Trading Up 1.2% - Here's Why

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

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. Summit Insights raised Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Bank of America dropped their price target on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Benchmark reaffirmed a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $158.70.

Advanced Micro Devices Trading Down 2.9 %

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. The firm has a 50-day simple moving average of $119.16 and a 200-day simple moving average of $138.11. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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 (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at $2,867,193,000. International Assets Investment Management LLC increased its stake in Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock valued at $1,289,818,000 after acquiring an additional 7,815,305 shares during the last quarter. Toronto Dominion Bank increased its stake in Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after acquiring an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in Advanced Micro Devices by 2,265.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after acquiring an additional 2,889,739 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after acquiring an additional 2,874,012 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.