Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.3%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded down 1.3% during trading on Wednesday . The company traded as low as $140.71 and last traded at $141.04. 15,059,575 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 60,861,621 shares. The stock had previously closed at $142.84.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMD shares. Robert W. Baird cut their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating for the company in a research report on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. Bank of America decreased their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Susquehanna restated a "positive" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Cantor Fitzgerald reduced their target price on Advanced Micro Devices from $200.00 to $180.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $193.45.

Advanced Micro Devices Trading Up 4.9 %

The firm has a 50 day moving average price of $150.49 and a two-hundred day moving average price of $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. The company has a market cap of $242.55 billion, a price-to-earnings ratio of 220.36, a PEG ratio of 1.83 and a beta of 1.69.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business earned $0.40 EPS. The company's revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

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

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Fortis Capital Advisors LLC lifted its stake in Advanced Micro Devices by 137.8% during the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer's stock valued at $1,840,000 after acquiring an additional 7,235 shares in the last quarter. Chapin Davis Inc. boosted its holdings in 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 during the last quarter. Gordian Capital Singapore Pte Ltd grew its position in Advanced Micro Devices by 77.4% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer's stock worth $7,237,000 after purchasing an additional 21,417 shares in the last quarter. GW&K Investment Management LLC increased its stake in Advanced Micro Devices by 11.5% in the 4th quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer's stock valued at $121,000 after buying an additional 85 shares during the last quarter. Finally, Bank of New Hampshire lifted its position in shares of Advanced Micro Devices by 811.3% during the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer's stock worth $1,456,000 after buying an additional 7,180 shares in the last quarter. 71.34% of the stock is owned by 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.