Advanced Micro Devices (NASDAQ:AMD) Shares Up 2.7%

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

Analyst Ratings Changes

A number of brokerages have commented on AMD. Cantor Fitzgerald restated an “overweight” rating and set a $190.00 price objective on shares of Advanced Micro Devices in a research report on Monday, March 4th. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Wednesday, January 24th. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Monday, January 8th. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Performance

The company has a market cap of $254.38 billion, a price-to-earnings ratio of 302.70, a P/E/G ratio of 2.34 and a beta of 1.64. The stock has a 50 day moving average price of $177.46 and a two-hundred day moving average price of $150.55. 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 posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Activity

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were 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 approximately $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred 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 owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 in the last quarter. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC raised its stake in Advanced Micro Devices by 10.3% in the third quarter. Ropes Wealth Advisors LLC now owns 4,199 shares of the semiconductor manufacturer’s stock valued at $432,000 after purchasing an additional 391 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Advanced Micro Devices by 18.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 30,849 shares of the semiconductor manufacturer’s stock valued at $3,172,000 after purchasing an additional 4,846 shares in the last quarter. Country Club Bank GFN bought a new stake in Advanced Micro Devices during the third quarter worth $1,521,000. Valeo Financial Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 11.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 12,380 shares of the semiconductor manufacturer’s stock valued at $1,273,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Advanced Micro Devices by 35.6% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,013 shares of the semiconductor manufacturer’s stock valued at $1,441,000 after purchasing an additional 3,676 shares during the last quarter. Institutional investors and hedge funds 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.