Advanced Micro Devices (NASDAQ:AMD) Shares Up 1% - Time to Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shot up 1% during mid-day trading on Thursday . The company traded as high as $123.14 and last traded at $121.98. 11,569,661 shares changed hands during trading, a decline of 78% from the average session volume of 53,218,793 shares. The stock had previously closed at $120.79.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. TD Cowen cut their price target on Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Barclays dropped their target price on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Morgan Stanley lowered their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Citigroup lowered their price target on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $191.96.

Advanced Micro Devices Trading Down 0.1 %

The company has a market capitalization of $195.76 billion, a PE ratio of 108.68, a PEG ratio of 1.88 and a beta of 1.66. The company has a fifty day simple moving average of $136.07 and a 200-day simple moving average of $148.19. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AMD. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the fourth quarter worth $26,000. Fairway Wealth LLC purchased a new position in Advanced Micro Devices in the second quarter worth $27,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock valued at $36,000 after acquiring an additional 111 shares during the period. 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.