Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares rose 0.1% during mid-day trading on Monday . The company traded as high as $149.89 and last traded at $146.73. Approximately 20,742,820 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 73,915,914 shares. The stock had previously closed at $146.64.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Raymond James downgraded Advanced Micro Devices from a "strong-buy" rating to an "outperform" rating and lifted their price objective for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Susquehanna restated a "positive" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, April 4th. Finally, Evercore ISI began coverage on Advanced Micro Devices in a research note on Tuesday, April 16th. They set an "outperform" rating and a $200.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $185.59.

Advanced Micro Devices Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock has a market capitalization of $240.22 billion, a PE ratio of 282.18, a P/E/G ratio of 2.23 and a beta of 1.64. The stock has a 50 day moving average of $179.64 and a two-hundred day moving average of $149.24.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts' consensus estimates of $0.77. The business had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm's 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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction 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 approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company's stock, valued at $42,248,089.26. 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 in the last three months. 0.65% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Advanced Micro Devices during the fourth quarter valued at about $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer's stock worth $685,089,000 after purchasing an additional 4,138,612 shares during the period. International Assets Investment Management LLC increased its stake in shares of Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer's stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the period. Capital World Investors increased its stake in shares of Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer's stock worth $688,190,000 after purchasing an additional 2,982,704 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer's stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Institutional investors and hedge funds 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.