Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.2% – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price rose 1.2% during trading on Tuesday . The company traded as high as $115.55 and last traded at $114.42. Approximately 12,662,058 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 41,004,348 shares. The stock had previously closed at $113.10.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMD. Morgan Stanley cut their price target on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Evercore ISI raised their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. KeyCorp decreased their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Benchmark reissued a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. Finally, DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The business’s 50-day moving average is $120.07 and its 200-day moving average is $138.57. The company has a market capitalization of $185.19 billion, a PE ratio of 115.44, a PEG ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. 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

A number of large investors have recently added to or reduced their stakes in AMD. Wealth Effects LLC grew its holdings in shares of Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after acquiring an additional 65 shares during the period. Jacobsen Capital Management boosted its position in Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after purchasing an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. grew its stake in shares of Advanced Micro Devices by 5.3% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $243,000 after purchasing an additional 74 shares during the period. Bedell Frazier Investment Counselling LLC increased its holdings in Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 74 shares during the last quarter. Finally, TFG Advisers LLC increased its stake in shares of Advanced Micro Devices by 1.6% in the 3rd quarter. TFG Advisers LLC now owns 4,649 shares of the semiconductor manufacturer’s stock worth $763,000 after purchasing an additional 75 shares in the last quarter. 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.