Advanced Micro Devices (NASDAQ:AMD) Trading Up 3.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price traded up 3.1% on Wednesday . The company traded as high as $158.57 and last traded at $157.84. 16,801,942 shares changed hands during trading, a decline of 75% from the average session volume of 68,550,953 shares. The stock had previously closed at $153.16.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. Roth Mkm decreased their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. 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 research report on Monday, April 29th. Benchmark reduced their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Wells Fargo & Company boosted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 31st. Finally, Bank of America increased their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.26.

Advanced Micro Devices Trading Up 4.3 %

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 stock has a market cap of $258.08 billion, a P/E ratio of 231.87, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The business's fifty day simple moving average is $170.12 and its 200 day simple moving average is $155.16.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.48 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. Advanced Micro Devices's revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company's stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company's stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. 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

Several large investors have recently modified their holdings of the business. Addison Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 62 shares during the period. Prentice Wealth Management LLC boosted its stake in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer's stock worth $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC increased its holdings in Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer's stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Schear Investment Advisers LLC increased its holdings in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer's stock worth $2,323,000 after purchasing an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC lifted its holdings in shares of Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer's stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

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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