Advanced Micro Devices (NASDAQ:AMD) Trading 2.5% Higher - Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 2.5% during mid-day trading on Monday . The stock traded as high as $122.74 and last traded at $121.46. 35,556,654 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 34,940,360 shares. The stock had previously closed at $118.44.

Analyst Ratings Changes

Several research analysts have commented on AMD shares. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. KeyCorp reduced their price target on Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Barclays decreased their price target on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a report on Friday. HSBC reiterated a "reduce" rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Wolfe Research lowered shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.61.

Advanced Micro Devices Price Performance

The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. The company has a 50 day moving average price of $129.94 and a 200 day moving average price of $145.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,036 shares of company stock worth $28,165,821. Insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

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