Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.1% - Here's What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded down 0.1% on Tuesday . The company traded as low as $95.33 and last traded at $96.33. 5,603,534 shares changed hands during trading, a decline of 87% from the average session volume of 42,618,981 shares. The stock had previously closed at $96.39.

Analysts Set New Price Targets

AMD has been the topic of several research analyst reports. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price target for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $139.57.

Advanced Micro Devices Stock Up 1.5 %

The stock has a market cap of $159.77 billion, a P/E ratio of 99.49, a PEG ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm's 50-day moving average is $97.72 and its two-hundred day moving average is $119.43.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $2,867,193,000. Toronto Dominion Bank increased its position in shares of Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Advanced Micro Devices by 2,265.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after purchasing an additional 2,889,739 shares during the period. Northern Trust Corp grew its stake in Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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.