Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.9%

Advanced Micro Devices, Inc. Stock (NASDAQ:AMD – Get Free Report) fell 2.9% during Thursday’s session. The company was already trading at $160.52 and last traded at $160.75. About 36,682,851 shares were traded during midday trading, down 46% from average daily volume of 67,677,656 shares. Shares had previously closed at $165.52.

Changes in analyst ratings

Many stock analysts have recently commented on AMD stock. DZ Bank raised their rating on shares of Advanced Micro Devices from a “hold” to a “buy” and set a target price for the company at $190.00 in a research report on Tuesday, May 7. Evercore ISI lowered their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Barclays increased their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Citigroup lowered their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Finally, Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. One analyst rated the company’s shares with a sell rating, two with a hold rating, and twenty-eight gave the company a buy rating. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus price target of $185.26.

Check out our latest research report on advanced micro devices

Advanced micro device stocks fell 3.8%

The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt to equity ratio of 0.03. The company has a market capitalization of $257.28 billion, a P/E ratio of 236.40, a PEG ratio of 1.89 and a beta of 1.66. The company’s 50-day simple moving average is $165.28 and its 200-day simple moving average is $157.30.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last released its earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, $0.01 above the consensus estimate of $0.61. The company’s revenue for the quarter was $5.47 billion, compared to analyst expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter increased 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Analysts predict that Advanced Micro Devices, Inc. will report 2.62 earnings per share for the current financial year.

Advanced Micro Devices Confidential Transactions

In other news, CAO Darla M. Smith sold 1,678 shares of the company’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 value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’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 amount of $316,571.48. Following the sale, the chief accounting officer now 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 at this hyperlink. Additionally, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08 for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The announcement of this sale can be found here. Insiders sold 165,650 shares of company stock worth $31,761,199 in the last quarter. Company insiders own 0.73% of the company’s shares.

Institutional investors are considering advanced micro devices

Institutional investors have recently increased or decreased their holdings in the stock. Tradewinds Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor maker’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices during the third quarter worth $27,000. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $28,000. In the first quarter, Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices shares by 926.7%. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor maker’s stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. Finally, Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $29,000. 71.34% of the shares are held by hedge funds and other institutional investors.

About advanced micro devices

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Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, 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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