Advanced Micro Devices (NASDAQ:AMD) drops 0.5%

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shares fell 0.5% during trading on Wednesday. The stock hit a low of $162.51 and was last trading at $163.51. During midday trading, 13,945,952 shares were traded, a decrease of 78% compared to its average session volume of 64,565,660 shares. The stock had previously closed at $164.31.

Wall Street analysts predict growth

Several brokerages have recently commented on AMD. Jefferies Financial Group covered Advanced Micro Devices in a report on Monday, May 13. They set a “buy” rating and a $190.00 price target on the stock. Roth Mkm lowered their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price target on Advanced Micro Devices, down from $195.00, in a report on Wednesday, May 1. Susquehanna raised their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 10. Finally, StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15. One equities research analyst rated the stock a sell, three gave a “hold” rating, and twenty-seven gave the company a “buy” rating. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83, according to data from MarketBeat.com.

Check out our latest analysis of advanced micro devices

Advanced Micro Devices Stock Performance

The company has a market capitalization of $264.91 billion, a P/E ratio of 241.03, a P/E/G ratio of 1.90, and a beta of 1.68. The stock’s 50-day simple moving average is $159.78, and its 200-day simple moving average is $165.55. 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, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices reported 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 analyst estimates of $5.48 billion. During the same period last year, the company reported earnings per share of $0.43. The company’s quarterly revenue increased by 2.2% year-over-year. Research analysts predict that Advanced Micro Devices, Inc. will report earnings per share of $2.61 for the current year.

Internal Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15. The shares were sold at an average price of $164.25, for a total of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this link . Company insiders own 0.65% of the company’s stock.

Institutional trading of advanced micro devices

Several major investors have recently added to or reduced their holdings in AMD. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Advanced Micro Devices 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 worth $685,089,000 after purchasing an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the last quarter. Capital World Investors increased its holdings in shares of Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after purchasing an additional 2,982,704 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the last quarter. 71.34% of the shares are currently held by institutional investors and hedge funds.

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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