Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.9%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price was down 0.9% during trading on Tuesday . The company traded as low as $176.33 and last traded at $177.00. Approximately 18,702,427 shares traded hands during trading, a decline of 76% from the average daily volume of 77,869,969 shares. The stock had previously closed at $178.63.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMD shares. DZ Bank restated a “hold” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, March 7th. JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. Finally, Morgan Stanley increased their price objective on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.82.

Advanced Micro Devices Stock Performance

The firm’s fifty day moving average is $180.63 and its 200 day moving average is $140.69. The firm has a market capitalization of $287.34 billion, a price-to-earnings ratio of 345.37, a PEG ratio of 2.69 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock worth $59,919,994 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Advanced Micro Devices by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after buying an additional 2,390,558 shares during the last quarter. State Street Corp lifted its position in Advanced Micro Devices by 1.7% during the 1st quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after acquiring an additional 1,112,077 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after acquiring an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Advanced Micro Devices by 5.9% in the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. 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.