Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.7% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were up 0.7% during mid-day trading on Wednesday . The stock traded as high as $104.65 and last traded at $104.18. Approximately 8,195,858 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 43,993,455 shares. The stock had previously closed at $103.51.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Susquehanna cut their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Mizuho reduced their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Stock Down 2.5 %

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 company has a 50-day moving average price of $110.47 and a 200 day moving average price of $132.17. The firm has a market capitalization of $169.25 billion, a PE ratio of 106.36, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Philip Guido acquired 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. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMD. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the 4th quarter worth $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $30,000. 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.