Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.8%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded down 0.8% during trading on Monday . The stock traded as low as $159.31 and last traded at $161.93. 21,601,391 shares changed hands during trading, a decline of 71% from the average session volume of 74,683,156 shares. The stock had previously closed at $163.28.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research report on Wednesday, January 31st. Roth Mkm raised their price objective on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Wednesday, January 24th. Finally, UBS Group boosted their price target on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.15.

Advanced Micro Devices Stock Performance

The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $180.78 and its 200 day moving average price is $148.19. The company has a market cap of $264.17 billion, a price-to-earnings ratio of 314.35, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates 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 was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction 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 in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold 324,943 shares of company stock valued at $59,919,994 over the last 90 days. 0.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. O Dell Group LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $27,000. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. 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.