Advanced Micro Devices (NASDAQ:AMD) trades up 3.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares rose 3.6% during trading on Friday. The stock reached a price of $166.45, while last trading at $165.15. A total of 20,260,025 shares were traded during trading, a decrease of 69% compared to the average session volume of 64,845,777 shares. The stock had previously closed at $159.47.

Wall Street analysts assess

A number of brokerages have recently published reports on AMD. KeyCorp lowered their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Susquehanna increased their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10. Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, in a report on Tuesday, April 16, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the stock from $180.00 to $225.00. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $190.83.

View our latest research report on advanced micro devices

Sales of advanced micro devices increased by 1.7%

The stock’s fifty-day simple moving average is $159.12 and its two-hundred-day simple moving average is $165.05. The company has a market capitalization of $262.18 billion, a PE ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt to equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported earnings per share of $0.62 for the quarter, $0.01 above analysts’ consensus estimates of $0.61. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. The company’s revenue for the quarter was up 2.2% year-over-year. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will report 2.61 EPS for the current financial year.

Advanced Micro Devices Confidential Transactions

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, bringing the total to $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock valued at $245,757,319.38. The sale was disclosed in legal documents filed with the SEC, which are available at this link. 0.73% of the shares belong to insiders.

Institutional inflows and outflows

Hedge funds and other institutional investors recently changed their holdings in the company. Addison Advisors LLC increased its holdings in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock worth $31,000 after purchasing an additional 62 shares in the last quarter. Prentice Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor maker’s stock worth $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor maker’s stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Schear Investment Advisers LLC increased its holdings in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor maker’s stock worth $2,323,000 after purchasing an additional 64 shares during the period. Finally, Fiduciary Group LLC increased its position in Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor maker’s stock worth $371,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 71.34% of the outstanding stock.

About Advanced Micro Devices

(Get the free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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