Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price was up 2.9% during trading on Monday . The company traded as high as $110.61 and last traded at $110.71. Approximately 14,279,922 shares changed hands during trading, a decline of 66% from the average daily volume of 42,451,316 shares. The stock had previously closed at $107.56.
Analysts Set New Price Targets
Several research analysts have commented on the stock. UBS Group decreased their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Barclays cut their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, January 17th. StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Tuesday, January 14th. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Finally, Summit Insights raised Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $158.70.
Get Our Latest Research Report on Advanced Micro Devices
Advanced Micro Devices Stock Performance
The stock has a 50-day simple moving average of $122.79 and a 200-day simple moving average of $139.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The stock has a market cap of $181.08 billion, a P/E ratio of 113.20, a PEG ratio of 1.04 and a beta of 1.65.
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 for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.
Institutional Trading of Advanced Micro Devices
Several institutional investors have recently made changes to their positions in the company. Creative Capital Management Investments LLC boosted its stake in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares during the last quarter. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Finally, FSA Wealth Management LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter worth about $41,000. Institutional investors own 71.34% of the company's stock.
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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