Advanced Micro Devices (NASDAQ:AMD) Shares Up 0.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares were up 0.4% during trading on Monday . The stock traded as high as $153.33 and last traded at $152.55. Approximately 9,754,066 shares were traded during trading, a decline of 86% from the average daily volume of 69,328,102 shares. The stock had previously closed at $151.92.

Analyst Ratings Changes

Several equities analysts have commented on AMD shares. Citigroup lowered their price objective on shares of Advanced Micro Devices from $192.00 to $176.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. Susquehanna decreased their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a "positive" rating on the stock in a research report on Monday, April 29th. TD Cowen boosted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. lifted 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, Mizuho cut their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a "buy" rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $185.26.

Advanced Micro Devices Stock Performance

The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $172.26 and its two-hundred day moving average price is $154.36. The stock has a market capitalization of $243.35 billion, a PE ratio of 222.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. 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 Advanced Micro Devices stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company's stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,850 shares of company stock valued at $34,637,833. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock worth $26,133,989,000 after purchasing an additional 2,349,288 shares during the period. Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer's stock worth $4,181,849,000 after acquiring an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 valued at $4,079,674,000 after acquiring an additional 2,553,392 shares in the last quarter. Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.9% in the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer's stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Finally, Norges Bank acquired a new position in Advanced Micro Devices during the 4th quarter worth $3,426,529,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.

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