Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 2.8%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shot up 2.8% on Tuesday . The stock traded as high as $153.14 and last traded at $152.74. 17,762,898 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 73,547,125 shares. The stock had previously closed at $148.64.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Morgan Stanley upped their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the company an "overweight" rating in a research report on Monday, January 29th. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. Wells Fargo & Company upped their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 31st. Bank of America upped their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Monday, January 29th. Finally, Mizuho upped their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average 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 firm has a fifty day moving average price of $178.79 and a two-hundred day moving average price of $149.88. The stock has a market capitalization of $246.09 billion, a PE ratio of 292.83, a P/E/G ratio of 2.23 and a beta of 1.64.

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 for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the 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 sale, the insider now owns 241,266 shares of the company's stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the insider now directly 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 341,143 shares of company stock worth $62,580,844 in the last ninety days. 0.65% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC lifted its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 71 shares during the period. Peoples Bank KS acquired a new stake in Advanced Micro Devices during the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $27,000. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Finally, Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. 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.