Advanced Micro Devices (NASDAQ:AMD) Trading 2.7% Higher

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price was up 2.7% during mid-day trading on Friday . The stock traded as high as $158.63 and last traded at $157.85. Approximately 19,845,539 shares were traded during trading, a decline of 73% from the average daily volume of 72,485,953 shares. The stock had previously closed at $153.76.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMD. Wells Fargo & Company upped 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. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. TD Cowen increased their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research note on Monday, March 4th. Finally, Truist Financial increased their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a market capitalization of $254.38 billion, a PE ratio of 303.56, a P/E/G ratio of 2.31 and a beta of 1.64. The stock has a fifty day moving average price of $177.79 and a 200-day moving average price of $149.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $6.13 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was 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 owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. Addison Advisors LLC increased its stake in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Prentice Wealth Management LLC increased its position in shares of Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares in the last quarter. Schear Investment Advisers LLC raised its stake in shares of 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 buying an additional 64 shares during the period. Finally, Fiduciary Group LLC lifted its position in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 65 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.