Advanced Micro Devices (NASDAQ:AMD) Shares Up 0.8%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price was up 0.8% during trading on Friday . The stock traded as high as $153.03 and last traded at $152.03. Approximately 7,375,460 shares were traded during trading, a decline of 88% from the average daily volume of 60,596,840 shares. The stock had previously closed at $150.77.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald decreased their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. Robert W. Baird cut their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. Edward Jones started coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a "buy" rating for the company. Bank of America reduced their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. Finally, Morgan Stanley boosted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 31st. One investment 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $193.45.

Advanced Micro Devices Stock Performance

The firm has a market cap of $246.51 billion, a price-to-earnings ratio of 223.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The firm's 50 day moving average is $149.56 and its 200-day moving average is $161.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

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

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Precision Wealth Strategies LLC lifted its holdings in shares of Advanced Micro Devices by 4.0% during the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer's stock valued at $598,000 after acquiring an additional 155 shares during the period. Concentrum Wealth Management increased its holdings in shares of Advanced Micro Devices by 6.6% during the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer's stock worth $5,625,000 after buying an additional 2,354 shares in the last quarter. 9258 Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 70.4% in the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer's stock valued at $1,787,000 after acquiring an additional 5,009 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 46.8% in the 4th quarter. Panagora Asset Management Inc. now owns 104,340 shares of the semiconductor manufacturer's stock worth $15,381,000 after acquiring an additional 33,270 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $284,000. 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.