Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.7%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s stock price rose 0.7% on Tuesday . The stock traded as high as $157.70 and last traded at $156.85. Approximately 14,511,646 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 70,971,836 shares. The stock had previously closed at $155.78.

Analyst Ratings Changes

AMD has been the topic of several research reports. New Street Research raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a research note on Wednesday, January 24th. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $193.00 to $177.00 and set an "overweight" rating on the stock in a research note on Monday, April 29th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. The Goldman Sachs Group lifted their target price 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. Finally, DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.94.

Advanced Micro Devices Price Performance

The firm has a market capitalization of $249.61 billion, a price-to-earnings ratio of 227.11, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The stock's fifty day moving average price is $174.53 and its two-hundred day moving average price is $153.23. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction on 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 $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 over the last 90 days. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMD. Meeder Asset Management Inc. raised its holdings in shares of Advanced Micro Devices by 1,882.0% in the first quarter. Meeder Asset Management Inc. now owns 49,055 shares of the semiconductor manufacturer's stock valued at $8,854,000 after buying an additional 46,580 shares during the last quarter. Choate Investment Advisors raised its stake in Advanced Micro Devices by 6.9% during the 1st quarter. Choate Investment Advisors now owns 3,322 shares of the semiconductor manufacturer's stock valued at $600,000 after acquiring an additional 215 shares during the last quarter. Sfmg LLC lifted its position in Advanced Micro Devices by 0.9% during the 1st quarter. Sfmg LLC now owns 25,189 shares of the semiconductor manufacturer's stock worth $4,546,000 after acquiring an additional 237 shares during the period. Fiduciary Family Office LLC lifted its position in Advanced Micro Devices by 10.2% during the 1st quarter. Fiduciary Family Office LLC now owns 5,628 shares of the semiconductor manufacturer's stock worth $1,016,000 after acquiring an additional 519 shares during the period. Finally, WNY Asset Management LLC acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $222,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.