Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 2% - Should You Buy?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 2% during mid-day trading on Wednesday . The company traded as high as $124.41 and last traded at $124.76. 10,206,617 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 37,293,828 shares. The stock had previously closed at $122.28.

Analyst Ratings Changes

A number of analysts recently commented on AMD shares. TD Cowen reduced their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Roth Mkm restated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Benchmark reiterated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Bank of America lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their price target for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $177.71.

Advanced Micro Devices Price Performance

The firm has a market cap of $201.08 billion, a P/E ratio of 111.72, a PEG ratio of 1.07 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $128.99 and a 200-day simple moving average of $144.41.

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

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction 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. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Advanced Micro Devices by 89.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer's stock valued at $336,000 after purchasing an additional 974 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Advanced Micro Devices by 21.1% during the second quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer's stock worth $26,937,000 after purchasing an additional 28,961 shares during the period. Public Sector Pension Investment Board raised its position in shares of Advanced Micro Devices by 73.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 62,107 shares of the semiconductor manufacturer's stock valued at $10,074,000 after buying an additional 26,346 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 6.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer's stock valued at $1,735,000 after purchasing an additional 622 shares during the last quarter. Finally, Samlyn Capital LLC lifted its position in Advanced Micro Devices by 30.2% in the second quarter. Samlyn Capital LLC now owns 911,763 shares of the semiconductor manufacturer's stock valued at $147,897,000 after buying an additional 211,348 shares during the last quarter. Institutional investors and hedge funds 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.

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