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

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price fell 2.1% on Friday . The stock traded as low as $150.30 and last traded at $151.82. 21,791,140 shares traded hands 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMD. JPMorgan Chase & Co. increased their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Morgan Stanley increased their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a report on Wednesday, January 31st. DZ Bank reissued a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Finally, Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Down 5.4 %

The stock has a market capitalization of $236.99 billion, a P/E ratio of 282.01, a P/E/G ratio of 2.36 and a beta of 1.64. The business has a 50-day moving average price of $179.64 and a 200 day moving average price of $148.92. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was 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 in the company, valued at $794,069.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was 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 owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 over the last three months. 0.73% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently made changes to their positions in AMD. Fairfield Bush & CO. bought a new stake in shares of Advanced Micro Devices during the first quarter worth $836,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Advanced Micro Devices by 49.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after buying an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 34.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after buying an additional 692 shares during the period. Raymond James Trust N.A. increased its stake in shares of Advanced Micro Devices by 104.8% during the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after buying an additional 4,072 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of Advanced Micro Devices by 217.2% during the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after buying an additional 272,557 shares during the period. 71.34% of the stock is currently 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.