Advanced Micro Devices (NASDAQ:AMD) Trading Up 1.1%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded up 1.1% during mid-day trading on Thursday . The company traded as high as $183.40 and last traded at $181.56. 23,667,467 shares traded hands during trading, a decline of 69% from the average session volume of 77,344,898 shares. The stock had previously closed at $179.59.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial boosted their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, January 31st. Morgan Stanley boosted their target price 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. Finally, TD Cowen boosted their target price on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.82.

Advanced Micro Devices Trading Up 0.5 %

The firm has a fifty day moving average of $180.63 and a 200-day moving average of $140.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a market cap of $291.70 billion, a P/E ratio of 349.16, a P/E/G ratio of 2.67 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

Insider Activity

In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was 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 in the company, valued at $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 324,943 shares of company stock worth $59,919,994. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $3,426,529,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 105,415.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after acquiring an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter worth approximately $777,111,000. Viking Global Investors LP acquired a new position in Advanced Micro Devices during the 4th quarter worth $698,340,000. Finally, Northern Trust Corp lifted its holdings in Advanced Micro Devices by 35.5% during the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after buying an additional 4,475,368 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.