Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shot up 6.2% during mid-day trading on Monday . The company traded as high as $112.74 and last traded at $113.02. 16,405,438 shares changed hands during trading, a decline of 62% from the average session volume of 43,363,175 shares. The stock had previously closed at $106.44.
Wall Street Analyst Weigh In
AMD has been the topic of several research analyst reports. Susquehanna cut their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Finally, HSBC reaffirmed a "reduce" rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $152.72.
Check Out Our Latest Stock Analysis on AMD
Advanced Micro Devices Trading Down 3.9 %
The company's fifty day moving average price is $109.99 and its 200-day moving average price is $131.31. The stock has a market cap of $171.66 billion, a price-to-earnings ratio of 107.00, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Insiders Place Their Bets
In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The stock was acquired 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 owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a legal filing 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
Several institutional investors have recently made changes to their positions in AMD. Vanguard Group Inc. lifted its holdings in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. State Street Corp lifted its holdings in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Geode Capital Management LLC boosted its position in Advanced Micro Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock worth $4,224,840,000 after purchasing an additional 835,413 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock worth $2,909,350,000 after purchasing an additional 290,784 shares during the period. Finally, Norges Bank purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $2,867,193,000. 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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