Advanced Micro Devices (NASDAQ:AMD) trades 3% higher

Advanced Micro Devices, Inc. Stock (NASDAQ:AMD – Get Free Report) rose 3% in midday trading on Friday. The company was trading at $165.89 and last traded at $165.24. A total of 23,240,920 shares were traded during trading, down 66% from average session volume of 67,833,656 shares. Shares previously closed at $160.43.

The Wall Street analyst concludes

Many brokerages have published reports on AMD. The Goldman Sachs Group increased their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Bank of America raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Morgan Stanley lowered their target price on Advanced Micro Devices from $193.00 to $177.00 and gave the company an “overweight” rating in a report on Monday, April 29. Finally, Barclays increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One equity market research analyst rated the company’s shares with a sell recommendation, two issued a hold recommendation, and twenty-eight issued a buy recommendation. Based on data from MarketBeat.com, the company’s stock has an average rating of “Moderate Buy” and a target price of $185.26.

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Advanced storage efficiency of micro devices

The company has a market capitalization of $268.89 billion, a PE ratio of 243.00, a price-to-earnings growth ratio of 1.90 and a beta of 1.66. The company has a 50-day moving average price of $164.75 and a 200-day moving average price of $157.32. 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) 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 analyst consensus of $0.61. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices revenues increased 2.2% compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.43. Analysts expect Advanced Micro Devices, Inc. will see 2.62 earnings per share for the current year.

Confidential activity at Advanced Micro Devices

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock valued at $457,151.76. The transaction was disclosed in a legal filing filed with the SEC, which can be accessed at this link. In other news, VP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value 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. Over the last three months, insiders sold 165,650 shares of company stock worth $31,761,199. Company insiders own 0.73% of the company’s shares.

Institutional trading in advanced micro devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its position 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 Advanced Micro Devices during the third quarter valued at approximately $27,000. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $28,000. Semmax Financial Advisors Inc. in the first quarter, it increased its position in the Advanced Micro Devices segment by 926.7%. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor maker’s stock valued at $28,000 after acquiring an additional 139 shares during the period. Finally, Bare Financial Services Inc acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds hold 71.34% of the company’s shares.

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.

Further reading

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