Advanced Micro Devices (NASDAQ:AMD) Shares Up 1.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price shot up 1.1% on Thursday . The stock traded as high as $183.40 and last traded at $181.56. 23,667,467 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 77,344,898 shares. The stock had previously closed at $179.59.

Analyst Ratings Changes

Several research firms recently weighed in on AMD. New Street Research raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $215.00 target price for the company in a research note on Wednesday, January 24th. Citigroup raised their price target on Advanced Micro Devices from $136.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Monday, January 8th. Barclays raised their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an "overweight" rating in a report on Monday, March 4th. Finally, Truist Financial raised their price target on Advanced Micro Devices from $154.00 to $174.00 and gave the company a "hold" rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $181.82.

Advanced Micro Devices Stock Performance

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 company has a 50 day simple moving average of $181.02 and a 200-day simple moving average of $140.97. The stock has a market capitalization of $291.70 billion, a price-to-earnings ratio of 347.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The company's revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the company's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Lisa T. Su sold 125,000 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor Peng sold 100,000 shares of the company's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company's stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 over the last ninety days. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMD. O Dell Group LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $28,000. Gables Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Institutional investors 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.