Advanced Micro Devices (NASDAQ:AMD) drops 5%

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) stock price fell 5% during trading on Monday. The company traded at $153.64 and last traded at $154.15. A total of 18,332,299 shares traded during trading, a decrease of 72% compared to its average session volume of 64,777,586 shares. The stock had previously closed at $162.21.

Changes in analyst ratings

Several brokerages have recently commented on AMD. TD Cowen raised their price target for Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18. UBS Group lowered their price target for shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the stock in a research report on Wednesday, May 1. Roth Mkm lowered their price target for shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1. StockNews.com lowered Advanced Micro Devices from a “hold” to a “sell” rating in a report on Saturday, June 15. Finally, Wedbush re-rated the stock as “outperform” and issued a $200.00 price target for shares of Advanced Micro Devices in a research note on Wednesday, May 1. One analyst rated the stock as a “sell,” three gave a “hold” rating, and twenty-seven gave the company a “buy” rating. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Check out our latest research report on advanced microdevices

Advanced Micro Devices Stock Performance

The company has a market capitalization of $265.58 billion, a P/E ratio of 241.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The company has a 50-day moving average of $159.30 and a 200-day moving average of $165.38. The company has a current 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 posted its financial results on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.43 per share. The company’s quarterly revenue increased by 2.2% compared to the same quarter last year. Sell-side analysts, on average, predict that Advanced Micro Devices, Inc. will post earnings of 2.61 per share for the current year.

Internal Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14. The shares were sold at an average price of $158.94, for a total transaction value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Company insiders own 0.65% of the company’s stock.

Hedge funds consider advanced microdevices

Several hedge funds recently bought and sold shares of the company. Chase Investment Counsel Corp increased its holdings in Advanced Micro Devices by 0.7% in the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor maker’s stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter worth $231,000. Pathway Financial Advisors LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth $229,000. Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor maker’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC increased its stake in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor maker’s stock valued at $1,840,000 after acquiring an additional 7,235 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

(Download the free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center and professional GPUs; and embedded processors, as well as 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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