Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was up 1.6% during trading on Thursday . The company traded as high as $149.49 and last traded at $148.68. Approximately 13,082,739 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 62,117,242 shares. The stock had previously closed at $146.36.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. KeyCorp dropped their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Cantor Fitzgerald reduced their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Tuesday, May 7th. Finally, UBS Group decreased their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Price Performance

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 $237.63 billion, a P/E ratio of 218.65, a P/E/G ratio of 1.79 and a beta of 1.69. The firm’s fifty day moving average is $154.05 and its 200 day moving average is $164.53.

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

Insider Transactions at Advanced Micro Devices

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

Institutional Trading of Advanced Micro Devices

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in Advanced Micro Devices by 8.5% during the fourth quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after buying an additional 1,990 shares during the period. Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Precision Wealth Strategies LLC raised its holdings in Advanced Micro Devices by 4.0% in the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after purchasing an additional 155 shares during the period. Choreo LLC boosted its position in Advanced Micro Devices by 39.2% during the fourth quarter. Choreo LLC now owns 9,989 shares of the semiconductor manufacturer’s stock worth $1,472,000 after purchasing an additional 2,811 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in Advanced Micro Devices by 1.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 18,040 shares of the semiconductor manufacturer’s stock valued at $2,659,000 after purchasing an additional 180 shares during the period. Hedge funds and other 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.