Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 3.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price shot up 3.4% during mid-day trading on Thursday . The company traded as high as $145.57 and last traded at $145.53. 12,139,105 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 63,121,410 shares. The stock had previously closed at $140.75.

Analyst Ratings Changes

AMD has been the subject of several analyst reports. Benchmark reduced their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. KeyCorp dropped their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Jefferies Financial Group started coverage on Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 target price for the company. Robert W. Baird cut their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Roth Mkm cut their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Stock Up 4.7 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82. The company has a market capitalization of $238.13 billion, a PE ratio of 214.01, a P/E/G ratio of 1.79 and a beta of 1.69. The firm has a fifty day simple moving average of $155.53 and a 200-day simple moving average of $165.81.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently modified their holdings of the business. Chase Investment Counsel Corp raised its holdings in Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after acquiring an additional 87 shares in the last quarter. Pathway Financial Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $229,000. Fortis Capital Advisors LLC grew its stake in shares of Advanced Micro Devices by 137.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after buying an additional 7,235 shares during the period. Headlands Technologies LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $1,759,000. Finally, Valmark Advisers Inc. grew its position in Advanced Micro Devices by 50.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,201 shares of the semiconductor manufacturer’s stock valued at $1,061,000 after purchasing an additional 2,413 shares during the period. 71.34% of the stock is currently owned by institutional investors.

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.