Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares traded up 0.6% on Tuesday . The stock traded as high as $139.83 and last traded at $138.92. 7,855,151 shares traded hands during trading, a decline of 87% from the average session volume of 60,969,434 shares. The stock had previously closed at $138.15.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Citigroup upped their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. Cantor Fitzgerald decreased their price objective on shares of Advanced Micro Devices from $200.00 to $180.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research report on Wednesday, July 31st. Finally, TD Cowen restated a "buy" rating and issued a $210.00 price objective on shares of Advanced Micro Devices in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $193.45.

Advanced Micro Devices Trading Up 3.4 %

The firm has a market cap of $231.18 billion, a P/E ratio of 210.06, a PEG ratio of 1.83 and a beta of 1.69. The firm's fifty day moving average is $150.49 and its two-hundred day moving average is $162.32. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company's stock, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company's stock, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares in the last quarter. Fisher Asset Management LLC grew its position in Advanced Micro Devices by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer's stock valued at $4,177,338,000 after acquiring an additional 570,035 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer's stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares during the last quarter. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter valued at $3,426,529,000. Finally, Wellington Management Group LLP grew its position in Advanced Micro Devices by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer's stock valued at $2,832,961,000 after acquiring an additional 478,718 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.