Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price was up 1.2% during mid-day trading on Thursday . The company traded as high as $107.94 and last traded at $107.54. Approximately 8,572,433 shares traded hands during trading, a decline of 80% from the average daily volume of 43,793,214 shares. The stock had previously closed at $106.23.
Analyst Ratings Changes
AMD has been the subject of several research analyst reports. Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. HSBC reaffirmed a "reduce" rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Argus set a $160.00 price target on Advanced Micro Devices in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $155.14.
Read Our Latest Research Report on Advanced Micro Devices
Advanced Micro Devices Stock Performance
The firm has a market cap of $172.48 billion, a PE ratio of 107.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business has a 50 day simple moving average of $110.28 and a two-hundred day simple moving average of $131.84. 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 quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in AMD. Shum Financial Group Inc. purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $858,000. State Street Corp grew its stake in Advanced Micro Devices by 2.3% in the third 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 during the last quarter. Geode Capital Management LLC raised its holdings in Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after purchasing an additional 441,924 shares in the last quarter. Enzi Wealth purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $569,000. Finally, Welch Group LLC boosted its holdings in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after buying an additional 2,981 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Company Profile
(
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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