Advanced Micro Devices (NASDAQ:AMD) Trading 0.1% Higher - Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $98.16 and last traded at $96.73. Approximately 10,676,681 shares traded hands during trading, a decline of 73% from the average daily volume of 39,330,105 shares. The stock had previously closed at $96.63.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Susquehanna cut their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Finally, Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $155.83.

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Advanced Micro Devices Stock Up 2.6 %

The firm's 50-day moving average is $113.39 and its two-hundred day moving average is $134.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market cap of $160.86 billion, a P/E ratio of 100.52, a PEG ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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 anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Philip Guido acquired 4,645 shares of the company's 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 completion of the acquisition, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank raised its position in shares of Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after purchasing an additional 12,500 shares during the period. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $858,000. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Advanced Micro Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the period. 71.34% of the stock is owned by institutional investors.

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.