Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.8% - Here's What Happened

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shot up 1.8% on Tuesday . The company traded as high as $112.26 and last traded at $112.49. 10,320,530 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 41,981,516 shares. The stock had previously closed at $110.48.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMD. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating for the company in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective for the company. Finally, TD Cowen reduced their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Stock Up 0.1 %

The company's fifty day moving average price is $121.53 and its 200-day moving average price is $139.12. The stock has a market cap of $181.19 billion, a P/E ratio of 112.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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 net margin of 6.36% and a return on equity of 7.42%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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. Creative Planning increased its position in Advanced Micro Devices by 18.4% during the 3rd quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer's stock valued at $66,674,000 after purchasing an additional 67,973 shares during the period. Swedbank AB increased its position in Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock valued at $353,040,000 after purchasing an additional 17,446 shares during the period. Magnus Financial Group LLC purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $216,000. Prospect Financial Services LLC purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $234,000. Finally, Regatta Capital Group LLC boosted its holdings in shares of Advanced Micro Devices by 4.0% in the 3rd quarter. Regatta Capital Group LLC now owns 20,413 shares of the semiconductor manufacturer's stock valued at $3,349,000 after buying an additional 784 shares in the last quarter. Hedge funds and other 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.