Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shot up 1.2% on Tuesday . The company traded as high as $86.45 and last traded at $86.55. 8,887,075 shares were traded during mid-day trading, a decline of 79% from the average session volume of 42,850,388 shares. The stock had previously closed at $85.56.
Wall Street Analysts Forecast Growth
AMD has been the subject of several research analyst reports. Loop Capital started coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a "buy" rating and a $175.00 target price for the company. Mizuho decreased their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Evercore ISI dropped their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Finally, Argus set a $160.00 price target on Advanced Micro Devices in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.57.
Check Out Our Latest Stock Analysis on AMD
Advanced Micro Devices Stock Performance
The firm has a 50-day moving average of $98.72 and a 200-day moving average of $120.90. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $156.20 billion, a price-to-earnings ratio of 97.62, a P/E/G ratio of 1.11 and a beta of 1.89.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Insider Activity
In other news, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of AMD. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $26,000. Greenline Partners LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $29,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $30,000. Institutional investors and hedge funds 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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