Advanced Micro Devices (NASDAQ:AMD) Shares Up 2.8%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 2.8% during trading on Tuesday . The company traded as high as $153.14 and last traded at $152.74. Approximately 17,762,898 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 73,547,125 shares. The stock had previously closed at $148.64.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Barclays raised their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Evercore ISI assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, April 16th. They issued an “outperform” rating and a $200.00 price objective for the company. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Monday, January 8th. Finally, Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Four 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Trading Down 0.3 %

The company has a market cap of $245.23 billion, a price-to-earnings ratio of 291.81, a P/E/G ratio of 2.26 and a beta of 1.64. 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 firm’s 50-day moving average price is $178.25 and its 200 day moving average price is $149.89.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on 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 completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on 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 owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the stock. Tradewinds Capital Management LLC lifted its stake in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $28,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. 71.34% of the stock is currently owned by institutional investors.

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.