Advanced Micro Devices (NASDAQ:AMD) shares fall 0.3%

Advanced Micro Devices, Inc. Stock (NASDAQ:AMD – Get Free Report) fell 0.3% during Friday’s trading. The stock has been trading as low as $157.89 and last traded at $161.27. A total of 23,559,333 shares were traded during trading, down 64% from average session volume of 65,756,367 shares. Shares previously closed at $161.78.

Changes in analyst ratings

Several brokerage houses have recently commented on AMD. Rosenblatt Securities maintained a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices on Wednesday, May 1st. Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. On Monday, May 13, Jefferies Financial Group launched a discussion on advanced micro devices. They issued a “buy” rating and a $190.00 price target for the company. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Mizuho lowered their target price on Advanced Micro Devices from $235.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst rated the company’s shares with a sell recommendation, three of them issued a hold recommendation, and twenty-seven gave the company’s shares a buy recommendation. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of Moderate Buy and an average price target of $190.83.

View our latest analysis for Advanced Micro Devices

The turnover of advanced micro devices decreased by 0.3%

The company has a fifty-day simple moving average of $158.71 and a two-hundred-day simple moving average of $163.98. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt to equity ratio of 0.03. The company has a market capitalization of $260.60 billion, a PE ratio of 237.11, a P/E/G ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, which beat 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 the consensus estimate of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. Advanced Micro Devices revenues increased 2.2% year-over-year. Analysts predict that Advanced Micro Devices, Inc. will see 2.61 EPS for the current year.

Insiders place their bets

In other news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the shares are owned by company insiders.

Institutional inflows and outflows

A number of hedge funds have recently increased or decreased their holdings in AMD. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in the Advanced Micro Devices segment by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor maker’s stock valued at $685,089,000 after acquiring an additional 4,138,612 shares during the period. International Assets Investment Management LLC increased its position in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor maker’s stock valued at $550,935,000 after acquiring an additional 3,714,069 shares during the period. During the fourth quarter, Capital World Investors increased its position in the Advanced Micro Devices segment by 176.9%. Capital World Investors now owns 4,668,542 shares of the semiconductor maker’s stock valued at $688,190,000 after acquiring an additional 2,982,704 shares during the period. Finally, in the fourth quarter, Price T Rowe Associates Inc. MD increased its position in the Advanced Micro Devices segment by 10.2%. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares during the period. Hedge funds and other 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.

Further reading

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