Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.5%

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) shares traded down 0.5% on Friday . The company traded as low as $151.43 and last traded at $151.60. 19,628,389 shares traded hands during trading, a decline of 72% from the average session volume of 69,778,820 shares. The stock had previously closed at $152.39.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMD shares. Northland Securities raised Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 target price on the stock in a report on Wednesday, January 31st. New Street Research raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Wednesday, January 24th. Mizuho dropped their target price on Advanced Micro Devices from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Bank of America upped their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Monday, January 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices 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-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.94.

Advanced Micro Devices Trading Down 0.3 %

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's 50 day moving average is $173.27 and its two-hundred day moving average is $153.23. The firm has a market cap of $245.55 billion, a P/E ratio of 223.49, a PEG ratio of 2.33 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company's stock, valued at $628,753,739.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Lisa T. Su sold 125,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,222,230 shares of the company's stock, valued at $628,753,739.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 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. Over the last 90 days, insiders sold 181,850 shares of company stock valued at $34,637,833. Corporate insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Tradewinds Capital Management LLC boosted its position in shares of 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 purchasing an additional 71 shares in the last quarter. Peoples Bank KS bought a new position in shares of Advanced Micro Devices during the third quarter worth $26,000. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the third quarter worth $27,000. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Finally, Bare Financial Services Inc bought a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. 71.34% of the stock is owned by institutional investors.

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.

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