Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 3.7%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price rose 3.7% during trading on Thursday . The stock traded as high as $165.57 and last traded at $165.54. Approximately 25,498,760 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 68,348,172 shares. The stock had previously closed at $159.67.

Analyst Ratings Changes

A number of analysts recently commented on AMD shares. Truist Financial decreased their price target on Advanced Micro Devices from $174.00 to $162.00 and set a "hold" rating for the company in a research report on Wednesday, May 1st. Cantor Fitzgerald decreased their price target on Advanced Micro Devices from $190.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, May 1st. New Street Research raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a research report on Wednesday, January 24th. UBS Group decreased their price target on Advanced Micro Devices from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. Finally, Mizuho decreased their price target on Advanced Micro Devices from $235.00 to $215.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, 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 debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The business has a 50-day moving average price of $169.10 and a 200 day moving average price of $155.19. The stock has a market capitalization of $262.84 billion, a P/E ratio of 242.37, a PEG ratio of 2.33 and a beta of 1.66.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business's stock in a transaction on 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 in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $290,290,831.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following 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 165,650 shares of company stock worth $31,761,199. Insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock valued at $26,133,989,000 after purchasing an additional 2,349,288 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer's stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Advanced Micro Devices by 10.2% during the 4th 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 purchasing an additional 2,553,392 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Advanced Micro Devices by 5.9% during the 4th 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 last quarter. Finally, Norges Bank bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $3,426,529,000. Institutional investors own 71.34% of the company's stock.

About Advanced Micro Devices

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.