Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price traded down 2.1% during trading on Friday . The company traded as low as $150.30 and last traded at $151.82. 21,791,140 shares were traded during mid-day trading, a decline of 71% from the average session volume of 73,903,023 shares. The stock had previously closed at $155.08.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Mizuho lifted their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, March 7th. Northland Securities raised shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 price target on the stock in a research note on Wednesday, January 31st. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $188.00 price target on the stock in a research note on Monday, January 8th. Bank of America upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, January 29th. Finally, Raymond James cut shares of Advanced Micro Devices from a "strong-buy" rating to an "outperform" rating and upped their price target for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $185.59.

Advanced Micro Devices Price Performance

The company's 50-day moving average is $179.64 and its 200-day moving average is $148.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a market capitalization of $236.99 billion, a price-to-earnings ratio of 282.01, a PEG ratio of 2.35 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.13 billion. During the same period last year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm'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 value of $2,660,850.00. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm'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 transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its stake in shares of 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 buying an additional 71 shares during the last quarter. O Dell Group LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $29,000. Finally, Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $29,000. Hedge funds and other 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.