Advanced Micro Devices (NASDAQ:AMD) Trading Up 2.2% – Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report)’s stock price shot up 2.2% during mid-day trading on Monday . The stock traded as high as $209.88 and last traded at $207.69. 27,012,101 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 30,977,115 shares. The stock had previously closed at $203.17.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Truist Financial reduced their price objective on shares of Advanced Micro Devices from $279.00 to $277.00 and set a “buy” rating for the company in a report on Friday, December 19th. Mizuho upped their price target on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Micro Devices in a report on Monday, December 29th. Stifel Nicolaus raised their price objective on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.06.

View Our Latest Report on AMD

Advanced Micro Devices Stock Up 2.2%

The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $338.13 billion, a price-to-earnings ratio of 102.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.95. The business has a 50-day moving average price of $220.29 and a 200-day moving average price of $193.07.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the sale, the executive vice president owned 1,714,505 shares in the company, valued at $411,686,940.60. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the sale, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This trade represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 178,358 shares of company stock valued at $39,229,623 in the last three months. 0.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in AMD. ORG Wealth Partners LLC lifted its position in Advanced Micro Devices by 39.7% in the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. increased its position in Advanced Micro Devices by 61.0% in the 3rd quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Pinney & Scofield Inc. raised its stake in shares of Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares in the last quarter. Dogwood Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares during the last quarter. Finally, Avion Wealth lifted its stake in Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

(Get Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

See Also

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.