Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 3.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 3.1% during trading on Monday . The company traded as high as $156.20 and last traded at $155.34. 19,423,838 shares were traded during mid-day trading, a decline of 73% from the average session volume of 71,333,852 shares. The stock had previously closed at $150.60.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cantor Fitzgerald lowered their target price on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Raymond James downgraded shares of 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 research note on Tuesday, January 30th. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Piper Sandler restated an “overweight” rating and set a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Citigroup dropped their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.94.

Advanced Micro Devices Stock Down 0.5 %

The stock has a market capitalization of $248.30 billion, a PE ratio of 225.92, a P/E/G ratio of 2.33 and a beta of 1.66. The stock’s 50-day moving average price is $174.53 and its two-hundred day moving average price is $153.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’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 transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale 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 the 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 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 Securities & Exchange Commission, which is available at this link. Also, 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 value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,850 shares of company stock valued at $34,637,833. Insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Large investors have recently modified their holdings of the company. Tradewinds Capital Management LLC grew its holdings in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Peoples Bank KS bought a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices during the third quarter valued at approximately $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Finally, Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth $29,000. 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.