Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.2% Following Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares shot up 1.2% during mid-day trading on Thursday after TD Cowen raised their price target on the stock from $185.00 to $200.00. TD Cowen currently has a buy rating on the stock. Advanced Micro Devices traded as high as $156.41 and last traded at $155.88. 21,882,924 shares were traded during trading, a decline of 71% from the average session volume of 74,242,242 shares. The stock had previously closed at $154.02.

Other analysts have also issued reports about the stock. Citigroup boosted their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. DZ Bank reaffirmed a "hold" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an "overweight" rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group upped their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $185.59.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares in the company, valued at approximately $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares in the company, valued at approximately $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 over the last quarter. Insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Dell Group LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $27,000. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the 4th quarter valued at $28,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Bare Financial Services Inc acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 0.7 %

The company has a 50 day moving average of $180.16 and a 200 day moving average of $148.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a market capitalization of $250.63 billion, a price-to-earnings ratio of 298.24, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 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 during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the company earned $0.54 EPS. The firm's revenue was up 10.2% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

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.