Advanced Micro Devices (NASDAQ:AMD) Shares Gap Down to $155.08

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $155.08, but opened at $151.59. Advanced Micro Devices shares last traded at $153.36, with a volume of 9,974,079 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, January 31st. DZ Bank reaffirmed a "hold" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Truist Financial increased their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a "hold" rating in a research note on Wednesday, January 31st. Northland Securities raised shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 price target on the stock in a research note on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.59.

Advanced Micro Devices Price Performance

The stock has a market capitalization of $236.99 billion, a price-to-earnings ratio of 282.01, a P/E/G ratio of 2.35 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $179.64 and a 200-day moving average of $148.58.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the business earned $0.54 EPS. Advanced Micro Devices's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company's stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. In the last three months, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tradewinds Capital Management LLC boosted its holdings in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. O Dell Group LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $29,000. Finally, Bare Financial Services Inc purchased a new position in Advanced Micro Devices in the fourth quarter worth $29,000. 71.34% of the stock is currently owned by hedge funds and other 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.