Advanced Micro Devices (NASDAQ:AMD) Shares Up 0.9% After Insider Buying Activity

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 0.9% during trading on Thursday after an insider bought additional shares in the company. The company traded as high as $114.60 and last traded at $112.74. 14,033,104 shares were traded during trading, a decline of 66% from the average session volume of 41,317,469 shares. The stock had previously closed at $111.72.

Specifically, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. KeyCorp decreased their target price on Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Citigroup cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Morgan Stanley reduced their target price on Advanced Micro Devices from $158.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The firm's 50-day moving average price is $120.43 and its 200 day moving average price is $138.75. The firm has a market capitalization of $183.28 billion, a price-to-earnings ratio of 114.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after acquiring an additional 177,700 shares during the last quarter. Swiss National Bank boosted its position in shares of Advanced Micro Devices by 0.3% in the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after acquiring an additional 12,500 shares during the last quarter. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $858,000. State Street Corp lifted its position in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after buying an additional 441,924 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.