Advanced Micro Devices (NASDAQ:AMD) Trading 2.4% Higher - Time to Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares were up 2.4% during mid-day trading on Tuesday . The stock traded as high as $117.79 and last traded at $116.97. Approximately 13,245,453 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 37,475,715 shares. The stock had previously closed at $114.27.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMD shares. Barclays decreased their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday. Hsbc Global Res downgraded Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Bank of America reduced their price target on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Trading Down 2.4 %

The company has a market capitalization of $174.55 billion, a price-to-earnings ratio of 96.90, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm has a fifty day moving average price of $124.01 and a 200-day moving average price of $140.18.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated 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 $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 is available through the SEC website. Insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its stake in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Geode Capital Management LLC boosted its position in shares of Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after buying an additional 441,924 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Advanced Micro Devices by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock valued at $2,909,350,000 after buying an additional 290,784 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock worth $3,195,000,000 after purchasing an additional 1,565,083 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.