Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.3%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price was up 0.3% during trading on Tuesday . The company traded as high as $153.60 and last traded at $152.51. Approximately 7,761,217 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 60,216,879 shares. The stock had previously closed at $152.08.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMD. Morgan Stanley upped their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 31st. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an "overweight" rating for the company in a research report on Tuesday, July 9th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Bank of America lowered their target price on shares of Advanced Micro Devices from $195.00 to $180.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Finally, Wells Fargo & Company upped their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.45.

Advanced Micro Devices Stock Down 0.8 %

The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $243.77 billion, a P/E ratio of 221.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The stock's fifty day moving average is $148.50 and its two-hundred day moving average is $161.13.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company's stock, valued at approximately $285,278,881.50. The transaction 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 Trading of Advanced Micro Devices

Institutional investors have recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer's stock worth $685,089,000 after purchasing an additional 4,138,612 shares during the last quarter. Capital World Investors boosted its position in Advanced Micro Devices by 176.9% during the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer's stock valued at $688,190,000 after buying an additional 2,982,704 shares during the period. Van ECK Associates Corp grew its holdings in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Advanced Micro Devices by 10.2% in the fourth 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 period. Finally, Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer's stock valued at $20,997,873,000 after acquiring an additional 2,390,558 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Micro Devices

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.