Advanced Micro Devices (NASDAQ:AMD) Shares Up 1.1% – Still a Buy?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 1.1% on Friday . The stock traded as high as $101.80 and last traded at $100.62. Approximately 12,529,638 shares were traded during trading, a decline of 68% from the average daily volume of 39,559,621 shares. The stock had previously closed at $99.51.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMD. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market capitalization of $161.74 billion, a price-to-earnings ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The business has a fifty day moving average of $116.94 and a 200-day moving average of $136.87.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after purchasing an additional 177,700 shares in the last quarter. Swiss National Bank increased its stake in Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after buying an additional 12,500 shares during the period. Shum Financial Group Inc. purchased a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $858,000. State Street Corp boosted its stake in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after acquiring an additional 441,924 shares in the last quarter. 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.