Advanced Micro Devices (NASDAQ:AMD) shares fall 3.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) fell 3.4% during Wednesday’s trading. The company was already trading at $162.91 and last traded at $165.74. About 25,030,975 shares were traded during trading, down 63% from average daily volume of 67,702,078 shares. Shares earlier closed at $171.61.

Wall Street analysts predict growth

Many research analysts have commented on AMD stock. KeyCorp lowered their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” to a “sell” in a research report on Saturday, May 4. Mizuho lowered their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock 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 stock an “overweight” rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” 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 issued a buy rating. Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus price target of $185.26, according to MarketBeat.com.

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Advanced micro device inventory performance

The company’s 50-day moving average price is $163.57 and its two-hundred-day moving average price is $159.06. 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 $268.29 billion, a price-to-earnings ratio of 243.74, a PEG ratio of 1.91 and a beta of 1.66.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share 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 revenues increased by 2.2% compared to the same quarter last year. During the same quarter last year, the company saw an EPS of $0.43. On average, analysts expect Advanced Micro Devices, Inc. will report 2.62 EPS for the current financial year.

Buying and selling confidential information 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 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 transaction, the director now owns 2,197 shares of the company’s stock valued at $457,151.76. The transaction was disclosed in a filing with the Securities and Exchange Commission, available at this link. In other news, 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 value of $24,391,250.00. Following the completion of the transaction, the CEO now owns 3,222,230 shares of the company’s stock valued at $628,753,739.90. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. 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 amount of $1,367,501.76. Following the completion of the sale, the director now directly 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 90 days, insiders have sold 165,650 shares of company stock worth $31,761,199. 0.65% of the shares are owned by insiders.

Institutional trading in advanced micro devices

Several hedge funds have recently increased or decreased their holdings in AMD. Cetera Advisor Networks LLC increased its holdings in 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 purchasing an additional 68,461 shares in the last quarter. Cetera Advisors LLC increased its holdings in 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 shares of Advanced Micro Devices during the first quarter worth $290,842,000. 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 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.

Further reading

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