Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price was up 3.3% during trading on Thursday . The company traded as high as $93.20 and last traded at $93.36. Approximately 11,316,192 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 42,781,888 shares. The stock had previously closed at $90.39.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price 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 Advanced Micro Devices in a research report on Wednesday, February 5th. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Melius Research reiterated a "hold" rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Finally, UBS Group lowered their target price on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.57.
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Advanced Micro Devices Stock Performance
The company's fifty day moving average price is $98.72 and its two-hundred day moving average price is $120.55. The firm has a market capitalization of $156.20 billion, a PE ratio of 97.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.
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 for the quarter, meeting 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 expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Insiders Place Their Bets
In related news, EVP Philip Guido purchased 4,645 shares of the 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 acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Advanced Micro Devices
Large investors have recently modified their holdings of the stock. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the 4th quarter worth $26,000. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Institutional investors and hedge funds 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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