Advanced Micro Devices (NASDAQ:AMD) Shares Up 3.7%

Advanced Micro Devices, Inc. Stock (NASDAQ:AMD – Get Free Report) rose 3.7% on Monday. The company was trading at $167.66 and last traded at $166.36. 54,868,600 shares were traded during midday trading, down 20% from the session’s average volume of 68,171,180 shares. Shares previously closed at $160.43.

Wall Street analysts predict growth

A number of brokerage houses have recently commented on AMD. UBS Group lowered their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. The Goldman Sachs Group increased their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Piper Sandler reiterated an overweight rating and issued a $175.00 price target (up from $195.00) for shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Benchmark lowered their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, TD Cowen raised their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One investment analyst rated the company’s shares with a sell rating, two with a hold rating, and twenty-eight issued a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.26.

Get our latest analysis on advanced micro devices

Trade growth of advanced micro devices by 3.7%

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’s market capitalization is $268.89 billion, price-to-earnings ratio is 244.65, P/E/G ratio is 1.91 and beta is 1.66. The company’s 50-day simple moving average is $164.25 and its 200-day simple moving average is $158.32.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported earnings per share of $0.62 for the quarter, $0.01 above the analyst consensus of $0.61. The company’s revenue for the quarter was $5.47 billion, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’ revenue in the quarter increased 2.2% year-over-year. During the same period last year, the company saw an EPS of $0.43. On average, analysts expect Advanced Micro Devices, Inc. will see 2.62 earnings per share in the current fiscal year.

Confidential activity at Advanced Micro Devices

In related 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 sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. 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 directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. Additionally, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction amount of $24,391,250.00. Following the sale, the CEO now owns 3,222,230 shares of the company’s stock valued at $628,753,739.90. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 165,650 shares of company stock worth $31,761,199. Company insiders own 0.65% of the company’s shares.

Institutional trading in advanced micro devices

Hedge funds have been buying and selling company shares recently. Cetera Advisor Networks LLC increased its holdings in shares of Advanced Micro Devices by 13.3% during the first quarter. Cetera Advisor Networks LLC now owns 582,451 shares of the semiconductor maker’s stock valued at $105,127,000 after acquiring an additional 68,461 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Advanced Micro Devices by 339.3% during the first quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor maker’s stock valued at $28,362,000 after purchasing an additional 121,366 shares in the last quarter. Cetera Investment Advisers increased its holdings in Advanced Micro Devices by 381.2% during the first quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor maker’s stock valued at $156,772,000 after purchasing an additional 688,081 shares in the last quarter. Atria Investments Inc increased its holdings in Advanced Micro Devices by 16.2% during the first quarter. Atria Investments Inc now owns 51,904 shares of the semiconductor maker’s stock valued at $9,368,000 after purchasing an additional 7,236 shares in the last quarter. Finally, Swedbank AB acquired a new position in Advanced Micro Devices during the first quarter worth approximately $290,842,000. 71.34% of the shares are currently held by institutional investors and hedge funds.

About advanced micro devices

(Get the free report)

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 microprocessors and x86 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.

Recommended articles

Before you consider Advanced Micro Devices, you’ll want to hear this.

Every day, MarketBeat tracks Wall Street’s top-rated and best-performing analysts and the stocks they recommend to their clients. MarketBeat identified five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market adopts them… and Advanced Micro Devices wasn’t on the list.

While Advanced Micro Devices currently has an analyst rating of Moderate Buy, top-rated analysts believe these five stocks are better picks.

See five stocks here