Advanced Micro Devices (NASDAQ:AMD) Shares Up 4.7% - Time to Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shot up 4.7% on Monday . The company traded as high as $110.67 and last traded at $107.69. 19,310,387 shares traded hands during trading, a decline of 55% from the average session volume of 42,464,136 shares. The stock had previously closed at $102.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Summit Insights raised Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Melius Research set a $110.00 target price on Advanced Micro Devices in a research note on Wednesday, May 7th. Wells Fargo & Company dropped their target price on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Robert W. Baird reduced their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $131.45.

Advanced Micro Devices Price Performance

The business's fifty day moving average is $97.81 and its 200 day moving average is $115.78. The company has a market cap of $192.96 billion, a P/E ratio of 120.21, a PEG ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the business earned $0.62 earnings per share. The business's quarterly revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's 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 completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMD. Flow Traders U.S. LLC acquired a new position in Advanced Micro Devices in the 1st quarter valued at $512,000. TFB Advisors LLC lifted its stake in shares of Advanced Micro Devices by 7.7% in the 1st quarter. TFB Advisors LLC now owns 5,500 shares of the semiconductor manufacturer's stock valued at $565,000 after purchasing an additional 395 shares during the last quarter. GM Advisory Group LLC increased its position in shares of Advanced Micro Devices by 23.2% during the first quarter. GM Advisory Group LLC now owns 18,027 shares of the semiconductor manufacturer's stock valued at $1,852,000 after acquiring an additional 3,397 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock worth $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in Advanced Micro Devices by 13.0% during the 1st quarter. Capital Analysts LLC now owns 1,906 shares of the semiconductor manufacturer's stock worth $196,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

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.