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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) traded up 0.1% during mid-day trading on Wednesday . The stock traded as high as $155.33 and last traded at $154.66. 10,451,661 shares traded hands during trading, a decline of 85% from the average session volume of 70,552,828 shares. The stock had previously closed at $154.43.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. New Street Research upgraded Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $215.00 price objective for the company in a report on Wednesday, January 24th. UBS Group cut their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. Citigroup dropped their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, January 31st. Finally, Susquehanna dropped their price target on Advanced Micro Devices from $200.00 to $185.00 and set a "positive" rating on the stock in a report on Monday, April 29th. One investment 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 company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $183.94.

Advanced Micro Devices Price Performance

The company has a market capitalization of $248.30 billion, a PE ratio of 225.92, a P/E/G ratio of 2.33 and a beta of 1.66. The stock has a 50 day moving average price of $174.53 and a two-hundred day moving average price of $153.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

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

Insider Activity at Advanced Micro Devices

In other news, Director Joseph A. Householder sold 6,572 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares of the company's stock, valued at $457,151.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 sale, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 in the last ninety days. 0.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors have recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its position in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 71 shares during the period. Peoples Bank KS acquired a new position in Advanced Micro Devices in the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices in the third quarter valued at approximately $27,000. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Finally, Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. 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.