Advanced Micro Devices (NASDAQ:AMD) Shares Up 0.8% - Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price traded up 0.8% on Thursday . The stock traded as high as $160.44 and last traded at $157.37. 11,701,978 shares were traded during trading, a decline of 80% from the average session volume of 57,532,863 shares. The stock had previously closed at $156.13.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BNP Paribas raised shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a "buy" rating on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. TD Cowen raised Advanced Micro Devices to a "strong-buy" rating in a report on Monday, September 16th. Finally, Barclays dropped their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $195.00.

Advanced Micro Devices Trading Up 0.1 %

The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company's 50-day moving average is $153.43 and its 200-day moving average is $157.13. The stock has a market capitalization of $252.55 billion, a price-to-earnings ratio of 229.78, a PEG ratio of 2.33 and a beta of 1.70.

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

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer's stock worth $50,214,000 after acquiring an additional 116,020 shares in the last quarter. Chapin Davis Inc. lifted its position in shares of Advanced Micro Devices by 613.4% during the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer's stock worth $2,213,000 after purchasing an additional 10,544 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of Advanced Micro Devices by 15.7% during the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer's stock worth $25,524,000 after purchasing an additional 21,132 shares in the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $2,394,000. Finally, Sycomore Asset Management grew its holdings in shares of Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer's stock valued at $21,722,000 after purchasing an additional 30,677 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.