Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price fell 1.7% on Monday . The stock traded as low as $122.35 and last traded at $123.09. 9,944,544 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 53,224,297 shares. The stock had previously closed at $125.19.
Analysts Set New Price Targets
Several brokerages have commented on AMD. UBS Group decreased their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note 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 research report on Wednesday, October 30th. TD Cowen reduced their price target on Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $191.96.
View Our Latest Research Report on Advanced Micro Devices
Advanced Micro Devices Trading Down 2.2 %
The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $198.70 billion, a price-to-earnings ratio of 110.31, a PEG ratio of 1.88 and a beta of 1.65. The company's 50-day moving average is $138.04 and its 200-day moving average is $148.85.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 in the last quarter. Insiders own 0.73% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. increased its stake in Advanced Micro Devices by 2.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 60,761 shares of the semiconductor manufacturer's stock worth $9,937,000 after buying an additional 1,279 shares during the period. DGS Capital Management LLC increased its position in shares of Advanced Micro Devices by 98.7% during the third quarter. DGS Capital Management LLC now owns 2,452 shares of the semiconductor manufacturer's stock worth $402,000 after acquiring an additional 1,218 shares during the period. Inspire Trust Co. N.A. raised its stake in shares of Advanced Micro Devices by 68.7% in the third quarter. Inspire Trust Co. N.A. now owns 33,000 shares of the semiconductor manufacturer's stock valued at $5,415,000 after acquiring an additional 13,441 shares in the last quarter. Synovus Financial Corp boosted its holdings in Advanced Micro Devices by 26.2% in the third quarter. Synovus Financial Corp now owns 33,769 shares of the semiconductor manufacturer's stock valued at $5,541,000 after purchasing an additional 7,006 shares during the period. Finally, Destination Wealth Management grew its stake in Advanced Micro Devices by 32.4% during the 3rd quarter. Destination Wealth Management now owns 11,680 shares of the semiconductor manufacturer's stock worth $1,916,000 after purchasing an additional 2,855 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Company Profile
(
Get Free Report)
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.
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