Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price traded up 2.7% on Friday . The company traded as high as $94.76 and last traded at $91.07. 22,625,247 shares were traded during mid-day trading, a decline of 48% from the average session volume of 43,442,088 shares. The stock had previously closed at $88.70.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on AMD. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price target for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Benchmark reaffirmed a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $148.76.
View Our Latest Research Report on AMD
Advanced Micro Devices Price Performance
The firm has a market capitalization of $154.02 billion, a price-to-earnings ratio of 96.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The stock's fifty day moving average price is $102.54 and its two-hundred day moving average price is $125.03. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.
Insider Buying and Selling
In other news, EVP Philip Guido bought 4,645 shares of the business'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 completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Simon Quick Advisors LLC grew its position in shares of Advanced Micro Devices by 39.4% during the first quarter. Simon Quick Advisors LLC now owns 8,201 shares of the semiconductor manufacturer's stock worth $843,000 after acquiring an additional 2,316 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Advanced Micro Devices by 17.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,757 shares of the semiconductor manufacturer's stock worth $181,000 after purchasing an additional 255 shares during the last quarter. CX Institutional increased its stake in Advanced Micro Devices by 6.8% in the first quarter. CX Institutional now owns 15,680 shares of the semiconductor manufacturer's stock valued at $1,611,000 after purchasing an additional 995 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Advanced Micro Devices by 0.9% in the first quarter. Assenagon Asset Management S.A. now owns 8,614,342 shares of the semiconductor manufacturer's stock valued at $885,037,000 after buying an additional 73,657 shares during the last quarter. Finally, Kozak & Associates Inc. boosted its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.
About Advanced Micro Devices
(
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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