Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price was down 0.6% during trading on Monday . The company traded as low as $151.31 and last traded at $151.32. Approximately 9,297,031 shares traded hands during trading, a decline of 85% from the average daily volume of 60,408,313 shares. The stock had previously closed at $152.31.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Susquehanna restated a "positive" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. TD Cowen restated a "buy" rating and issued a $210.00 price target on shares of Advanced Micro Devices in a research report on Monday, August 19th. Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a "buy" rating on the stock. KeyCorp dropped their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, July 9th. Finally, Barclays decreased their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $193.45.

Advanced Micro Devices Trading Down 0.2 %

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 $246.14 billion, a PE ratio of 223.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The company has a 50-day simple moving average of $149.03 and a 200 day simple moving average of $161.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share 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 in the prior year, the firm posted $0.40 earnings per share. The company's revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast 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 Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the 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 transaction, 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 accessible through the SEC website. Corporate insiders own 0.73% of the company's stock.

Institutional Trading of Advanced Micro Devices

Several large investors have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Advanced Micro Devices by 813.3% during 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 acquiring an additional 4,138,612 shares during the last quarter. Capital World Investors grew its position in shares of Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer's stock valued at $688,190,000 after purchasing an additional 2,982,704 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer's stock worth $4,079,674,000 after buying an additional 2,553,392 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in 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 worth $20,997,873,000 after buying an additional 2,390,558 shares in 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.