Advanced Micro Devices (NASDAQ:AMD) shares fall 1.9%

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) fell 1.9% on Friday. The stock has been trading as low as $162.69 and last traded at $163.64. During the intraday session, 19,445,116 shares were traded, down 71% from the average session volume of 67,353,734 shares. The company’s shares had previously closed at $166.75.

Analyst Upgrades and Downgrades

Several brokerage houses have recently commented on AMD. Rosenblatt Securities maintained a “buy” rating and set a target price for shares of Advanced Micro Devices at $250.00 in a report dated Wednesday, May 1. Piper Sandler maintained an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Truist Financial lowered their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Jefferies Financial Group began discussing advanced micro devices in a report on Monday, May 13. They set a “buy” rating and a $190.00 price target for the stock. Finally, TD Cowen raised their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One equity research analyst rated the company with a sell rating, two rated the company with a hold rating, and twenty-eight gave the company a buy rating. According to MarketBeat.com, the company’s average rating is a “Moderate Buy” and its average price target is $185.26.

Read our latest report on advanced micro devices

The turnover of advanced micro devices decreased by 2.6%

The company has a market capitalization of $262.39 billion, a PE ratio of 240.65, a price-to-earnings growth ratio of 1.90 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt to equity ratio of 0.03. The company has a 50-day simple moving average of $163.04 and a 200-day simple moving average of $159.16.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, which was $0.01 ahead of 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’s revenue for the quarter was $5.47 billion, compared to analyst estimates of $5.48 billion. In the same quarter last year, the company earned $0.43 per share. The company’s revenues increased by 2.2% year-on-year. On average, analysts predict that Advanced Micro Devices, Inc. will report 2.62 EPS for the current fiscal year.

Buying and selling confidential information

In other Advanced Micro Devices news, on Monday, April 15, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction. The shares were sold at an average price of $164.25 for a total value of $2,660,850.00. Following the completion of the transaction, 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 this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction 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 directly owns 3,222,230 shares of the company’s stock valued at $628,753,739.90. The sale was disclosed in a filing with the SEC, available at this link. Additionally, Vice President Mark D. Papermaster sold 16,200 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The announcement of this sale can be found here. In the last quarter, insiders sold 163,972 shares of company stock worth $31,444,628. Corporate insiders own 0.73% of the company’s shares.

Institutional inflows and outflows

A number of hedge funds have recently modified their holdings in the company. Tradewinds Capital Management LLC increased its exposure to 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. In the first quarter, Semmax Financial Advisors Inc. increased its exposure to 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. Valued Wealth Advisors LLC increased its holdings in shares of Advanced Micro Devices by 70.7% during the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor maker’s stock valued at $31,000 after purchasing an additional 70 shares in the last quarter. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $28,000. Finally, Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. 71.34% of the shares are held by hedge funds and other institutional investors.

Advanced Micro Devices company profile

(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 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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