Advanced Micro Devices (NASDAQ:AMD) stock price up 0%

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) stock price rose 0% on Tuesday. The company traded at $161.14, while its last price was $157.71. About 15,276,816 shares were traded during trading, a decrease of 76% from its average daily volume of 64,639,520 shares. The stock had previously closed at $157.69.

Analysts set new price targets

Several research analysts have recently commented on shares of AMD. TD Cowen raised their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18. Benchmark lowered their price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 2. StockNews.com lowered shares of Advanced Micro Devices from a “hold” to a “sell” rating in a report on Saturday, June 15. Evercore ISI lowered their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1. Finally, Roth Mkm lowered their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1. One equities research analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave a buy rating. The company has an average rating of “Moderate Buy” and an average price target of $190.83 based on data from MarketBeat.com.

See our latest stock analysis for Advanced Micro Devices

Advanced Micro Devices Stock Performance

The company’s 50 day simple moving average is $159.54 and its 200 day simple moving average is $165.56. The company has a market capitalization of $264.91 billion, a P/E ratio of 241.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a current ratio of 1.92.

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, topping analysts’ consensus of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue increased by 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Research analysts, on average, predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Internal Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Corporate insiders own 0.65% of the company’s stock.

Hedge funds consider advanced microdevices

Several institutional investors and hedge funds recently modified their holdings in the company. Tradewinds Capital Management LLC increased its holdings in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor maker’s stock worth $25,000 after purchasing an additional 71 shares during the period. Semmax Financial Advisors Inc. increased its position in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor maker’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor maker’s stock worth $31,000 after acquiring an additional 70 shares during the period. Chelsea Counsel Co. bought a new share of Advanced Micro Devices in Q1 valued at $34,000. Finally, Northwest Bank & Trust Co bought a new share of Advanced Micro Devices in Q4 valued at $28,000. Hedge funds and other institutional investors own 71.34% of the company’s shares.

About Advanced Micro Devices

(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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