Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.9% - Here's What Happened

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 0.9% during trading on Friday . The stock traded as high as $114.63 and last traded at $112.84. 12,445,277 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 41,234,203 shares. The stock had previously closed at $111.81.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Benchmark decreased their price objective on Advanced Micro Devices from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. DZ Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Friday, February 7th. Finally, Evercore ISI upped their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have 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 a consensus target price of $158.70.

Advanced Micro Devices Price Performance

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 stock has a market capitalization of $183.28 billion, a P/E ratio of 114.24, a P/E/G ratio of 1.04 and a beta of 1.65. The firm has a fifty day moving average of $120.43 and a two-hundred day moving average of $138.70.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $2,867,193,000. International Assets Investment Management LLC lifted its stake in Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock valued at $1,289,818,000 after acquiring an additional 7,815,305 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after acquiring an additional 2,889,739 shares during the last quarter. Northern Trust Corp increased its stake in shares of Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after purchasing an additional 2,497,056 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.