Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.5%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price dropped 0.5% during trading on Wednesday . The stock traded as low as $162.51 and last traded at $163.51. Approximately 13,945,952 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 64,565,660 shares. The stock had previously closed at $164.31.

Analysts Set New Price Targets

AMD has been the topic of a number of analyst reports. UBS Group decreased their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Roth Mkm decreased their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Evercore ISI dropped their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market capitalization of $263.52 billion, a PE ratio of 240.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The firm’s 50-day simple moving average is $159.54 and its 200 day simple moving average is $165.56.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently made changes to their positions in AMD. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in Advanced Micro Devices by 3.9% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 79,470 shares of the semiconductor manufacturer’s stock valued at $12,891,000 after purchasing an additional 2,975 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Advanced Micro Devices by 18.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 4,750 shares of the semiconductor manufacturer’s stock valued at $770,000 after buying an additional 733 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of Advanced Micro Devices by 8.0% during the second quarter. First Hawaiian Bank now owns 13,351 shares of the semiconductor manufacturer’s stock valued at $2,166,000 after buying an additional 984 shares during the period. GAMMA Investing LLC boosted its position in Advanced Micro Devices by 24.1% during the second quarter. GAMMA Investing LLC now owns 14,933 shares of the semiconductor manufacturer’s stock worth $2,422,000 after acquiring an additional 2,902 shares during the last quarter. Finally, Transcend Capital Advisors LLC grew its stake in Advanced Micro Devices by 31.6% in the 2nd quarter. Transcend Capital Advisors LLC now owns 8,272 shares of the semiconductor manufacturer’s stock worth $1,342,000 after acquiring an additional 1,984 shares during the period. Institutional investors and hedge funds 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.