Advanced Micro Devices (NASDAQ:AMD) trades 5.8% higher

Advanced Micro Devices, Inc. stock price (NASDAQ:AMD – Get Free Report) rose 5.8% on Thursday. The company was trading at $163.91 and last traded at $163.62. About 29,940,600 shares were traded during midday trading, down 54% from average daily volume of 65,594,070 shares. Shares earlier closed at $154.63.

The Wall Street analyst concludes

A number of research analysts have commented on the stock recently. Morgan Stanley downgraded shares of Advanced Micro Devices from “overweight” to “equal weight” and set a price target for the company at $176.00. in the report of Monday, June 10. Benchmark lowered their target price on 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. In a research report on Tuesday, April 16, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the company from $180.00 to $225.00. Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group initiated an article on advanced micro devices in a research report published on Monday, May 13. They set a “buy” rating and a $190.00 price target for the stock. One equity research analyst rated the company’s shares with a sell recommendation, three with a affirmative rating and twenty-seven with a buy rating. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of Moderate Buy and an average price target of $190.83.

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Advanced storage efficiency of micro devices

The company has a market capitalization of $260.60 billion, a P/E ratio of 237.10, a PEG ratio of 1.79 and a beta of 1.69. The company has a 50-day moving average of $158.71 and a 200-day moving average of $163.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt to equity ratio of 0.03.

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 (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. 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 expectations of $5.48 billion. During the same quarter last year, the company earned $0.43 per share. Advanced Micro Devices revenues increased 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will report 2.61 EPS for the current fiscal year.

Buying and selling confidential information at Advanced Micro Devices

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 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 approximately $255,343,378.50. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s shares.

Institutional trading in advanced micro devices

Several hedge funds and other institutional investors have recently bought and sold shares of 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 stake in shares of Advanced Micro Devices during the 3rd quarter valued at $27,000. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. In the first quarter, Semmax Financial Advisors Inc. increased its stake in 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. 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.

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.

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