Advanced Micro Devices (NASDAQ:AMD) Trading 0.5% Higher

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) rose 0.5% during trading on Tuesday . The company traded as high as $152.66 and last traded at $151.26. Approximately 13,656,153 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 68,904,305 shares. The stock had previously closed at $150.56.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMD shares. Cantor Fitzgerald reduced their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 1st. Raymond James cut shares of Advanced Micro Devices from a "strong-buy" rating to an "outperform" rating and upped their price target for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $190.00 price objective for the company in a report on Tuesday, May 7th. Evercore ISI decreased their price target on Advanced Micro Devices from $200.00 to $193.00 and set an "outperform" rating for the company in a research note on Wednesday, May 1st. Finally, Benchmark dropped their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $185.26.

Advanced Micro Devices Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a market cap of $247.55 billion, a PE ratio of 224.78, a PEG ratio of 2.35 and a beta of 1.66. The firm's 50 day moving average is $171.16 and its 200 day moving average is $154.76.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company earned $0.43 EPS. The company's quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

Insider Buying and Selling

In other 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 sale, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 directly owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were 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 of the company's stock, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 in the last quarter. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. Tradewinds Capital Management LLC boosted its stake in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices in the third quarter worth $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $28,000. Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $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.