Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price traded up 2.1% on Thursday . The stock traded as high as $237.10 and last traded at $236.64. 26,943,137 shares changed hands during trading, a decline of 29% from the average session volume of 37,769,945 shares. The stock had previously closed at $231.82.
More Advanced Micro Devices News
Here are the key news stories impacting Advanced Micro Devices this week:
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Evercore restated an "outperform" rating and issued a $358.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 24th. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Sanford C. Bernstein set a $235.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Monday, January 26th. Finally, Phillip Securities raised Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Sunday, February 8th. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $290.19.
Read Our Latest Stock Report on Advanced Micro Devices
Advanced Micro Devices Price Performance
The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01. The stock has a market capitalization of $385.80 billion, a price-to-earnings ratio of 89.30, a PEG ratio of 0.82 and a beta of 1.96. The stock's 50 day simple moving average is $208.21 and its 200-day simple moving average is $216.26.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.21. The firm had revenue of $10.27 billion during the quarter, compared to analysts' expectations of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The company's revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Paul Darren Grasby sold 7,500 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the sale, the executive vice president directly owned 129,598 shares in the company, valued at approximately $26,550,742.26. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 85,000 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total transaction of $16,895,450.00. Following the completion of the sale, the chief executive officer owned 3,146,006 shares of the company's stock, valued at $625,331,612.62. The trade was a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 242,685 shares of company stock valued at $50,757,308 in the last three months. Company insiders own 0.06% of the company's stock.
Institutional Trading of Advanced Micro Devices
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer's stock valued at $33,949,256,000 after purchasing an additional 2,525,109 shares during the last quarter. State Street Corp raised its stake in Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer's stock valued at $16,044,712,000 after purchasing an additional 1,094,835 shares during the last quarter. Geode Capital Management LLC raised its stake in Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer's stock valued at $8,015,897,000 after purchasing an additional 287,525 shares during the last quarter. Norges Bank acquired a new position in Advanced Micro Devices during the 4th quarter valued at $4,929,312,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer's stock valued at $4,352,864,000 after purchasing an additional 55,969 shares during the last quarter. Institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Company Profile
(
Get Free Report)
Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.
Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.
See Also
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