Advanced Micro Devices (NASDAQ:AMD) Shares Up 2.2% - Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price rose 2.2% during mid-day trading on Friday . The company traded as high as $100.81 and last traded at $100.29. Approximately 7,093,910 shares were traded during trading, a decline of 84% from the average daily volume of 44,569,954 shares. The stock had previously closed at $98.11.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Melius Research reiterated a "hold" rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Wells Fargo & Company reiterated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Wedbush reiterated an "outperform" rating and set a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, KeyCorp dropped their target price 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $155.14.

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Advanced Micro Devices Stock Performance

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 firm has a market cap of $163.62 billion, a P/E ratio of 101.99, a P/E/G ratio of 1.11 and a beta of 1.74. The business's 50-day simple moving average is $112.05 and its 200 day simple moving average is $133.35.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company's stock in a transaction dated Friday, February 7th. The shares were acquired at an average price 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 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Company Profile

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.