Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) fell 0.1% during trading on Thursday . The stock traded as low as $147.65 and last traded at $149.65. 11,259,309 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 60,786,707 shares. The stock had previously closed at $149.86.

Analyst Ratings Changes

Several research firms have recently commented on AMD. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, July 11th. TD Cowen reissued a "buy" rating and issued a $210.00 price objective on shares of Advanced Micro Devices in a research note on Monday, August 19th. StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, July 31st. Finally, Cantor Fitzgerald reduced their target price on shares of 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 research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.45.

Advanced Micro Devices Trading Up 0.6 %

The business's 50-day moving average is $149.95 and its two-hundred day moving average is $162.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock has a market capitalization of $243.69 billion, a PE ratio of 221.72, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating 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 firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the firm posted $0.40 EPS. Advanced Micro Devices's quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current 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 on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $3,091,482.00. Following 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $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

Institutional investors and hedge funds have recently made changes to their positions in the business. Fortis Capital Advisors LLC raised its stake in Advanced Micro Devices by 137.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer's stock valued at $1,840,000 after purchasing an additional 7,235 shares during the last quarter. Chapin Davis Inc. raised its stake in Advanced Micro Devices by 613.4% in the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer's stock valued at $2,213,000 after purchasing an additional 10,544 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its stake 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 valued at $7,237,000 after purchasing an additional 21,417 shares during the last quarter. GW&K Investment Management LLC raised 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 purchasing an additional 85 shares during the last quarter. Finally, Bank of New Hampshire raised its stake in Advanced Micro Devices by 811.3% in the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer's stock valued at $1,456,000 after purchasing an additional 7,180 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other 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.