Advanced Micro Devices (NASDAQ:AMD) Shares Up 1% – Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 1% on Wednesday . The stock traded as high as $145.17 and last traded at $143.01. 11,351,835 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 56,240,652 shares. The stock had previously closed at $141.66.

Analysts Set New Price Targets

A number of analysts have weighed in on AMD shares. Robert W. Baird cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. KeyCorp dropped their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Stock Up 2.4 %

The firm has a 50 day moving average of $154.36 and a two-hundred day moving average of $155.56. The stock has a market capitalization of $235.47 billion, a PE ratio of 130.72, a P/E/G ratio of 1.96 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMD. Richardson Financial Services Inc. acquired a new position in Advanced Micro Devices during the first quarter worth approximately $64,000. Csenge Advisory Group increased its holdings in shares of Advanced Micro Devices by 12.2% during the 1st quarter. Csenge Advisory Group now owns 8,268 shares of the semiconductor manufacturer’s stock worth $1,492,000 after buying an additional 898 shares during the last quarter. Bard Financial Services Inc. purchased a new position in shares of Advanced Micro Devices in the 1st quarter worth $227,000. Manchester Capital Management LLC acquired a new position in Advanced Micro Devices in the first quarter valued at $1,595,000. Finally, Advisory Services Network LLC grew its position in Advanced Micro Devices by 11.6% during the first quarter. Advisory Services Network LLC now owns 86,891 shares of the semiconductor manufacturer’s stock valued at $15,683,000 after acquiring an additional 9,050 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.