Advanced Micro Devices (NASDAQ:AMD) shares fall 1.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) fell 1.4% during Thursday trading. The company was already trading at $157.91 and last traded at $158.00. A total of 15,379,466 shares were traded during trading, down 77% from average session volume of 66,234,063 shares. Shares previously closed at $160.24.

The Wall Street analyst concludes

Many research firms have recently commented on AMD. 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 note on Wednesday, May 1. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the company’s stock in a research note on Tuesday, May 7th. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Piper Sandler maintained an “overweight” rating and set a $175.00 price target (up from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave a buy rating. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.16, according to MarketBeat data.

Read our latest research report on advanced micro devices

Advanced micro device stocks fell 0.2%

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 $159.73 and a two-hundred-day simple moving average of $162.39. The market value of the company’s shares is $258.01 billion, the P/E ratio is 234.75, the P/E/G ratio is 1.85, and the beta is 1.69.

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, $0.01 above the consensus estimate of $0.61. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. In the same quarter last year, the company reported earnings per share of $0.43. The company’s revenues increased by 2.2% year-on-year. On average, stock analysts forecast that Advanced Micro Devices, Inc. will report 2.61 EPS this year.

Confidential activity at Advanced Micro Devices

In related news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on 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 owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink. 0.73% of the shares belong to corporate insiders.

Hedge funds are betting on advanced micro devices

A number of hedge funds and other institutional investors have recently made changes to their position in the industry. Tradewinds Capital Management LLC increased its holdings in 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 during the period. In the first quarter, Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices 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 during the period. Valued Wealth Advisors LLC grew its holdings in 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 during the period. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $28,000. Finally, Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Institutional investors hold 71.34% of the company’s shares.

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.

Further reading

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