Advanced Micro Devices Targets Extremely High Options Trade (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) saw some unusual options trading activity on Friday as investors purchased 986,023 call options on the stock. This is an increase of about 30% compared to the typical daily volume of 757,607 call options.

Internal Activity at Advanced Micro Devices

In related 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 transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . 0.65% of the stock is owned by insiders.

Hedge funds consider advanced microdevices

Multiple hedge funds and other institutional investors have recently modified their holdings in the company. Heritage Wealth Partners LLC increased its holdings in Advanced Micro Devices by 90.8% in the second quarter. Heritage Wealth Partners LLC now owns 3,323 shares of the semiconductor maker’s stock worth $539,000 after acquiring an additional 1,581 shares during the period. Stokes Family Office LLC increased its position in Advanced Micro Devices by 7.2% in the second quarter. Stokes Family Office LLC now owns 4,716 shares of the semiconductor maker’s stock worth $765,000 after acquiring an additional 316 shares in the last quarter. HBW Advisory Services LLC increased its position in Advanced Micro Devices by 68.0% in the second quarter. HBW Advisory Services LLC now owns 2,699 shares of the semiconductor maker’s stock worth $438,000 after purchasing an additional 1,092 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Advanced Micro Devices by 5.9% during the second quarter. DNB Asset Management AS now owns 395,777 shares of the semiconductor manufacturer’s stock worth $64,199,000 after purchasing an additional 22,188 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in shares of Advanced Micro Devices by 15.3% during the second quarter. Moody National Bank Trust Division now owns 15,117 shares of the semiconductor manufacturer’s stock worth $2,452,000 after purchasing an additional 2,011 shares during the last quarter. 71.34% of the shares are currently held by hedge funds and other institutional investors.

Analyst ratings upgrades and downgrades

Several research firms have commented on AMD. Truist Financial lowered their price objective for Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the stock in a research report on Wednesday, May 1. Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the stock in a research report on Monday, June 10. Citigroup lowered their price objective for Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the stock in a research report on Wednesday, May 1. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1. One investment analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Check out our latest stock report on advanced micro devices

Advanced Micro Devices Price Performance

NASDAQ AMD stock opened at $171.90 on Friday. The company has a market capitalization of $277.84 billion, a P/E ratio of 254.28, a P/E/G ratio of 1.89, and a beta of 1.68. The company has a current ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $159.99, and its two-hundred day simple moving average is $165.53. Advanced Micro Devices has a twelve-month low of $93.11 and a twelve-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $5.48 billion. During the same period last year, the company earned $0.43 EPS. The company’s revenue for the quarter increased 2.2% compared to the same quarter last year. As a group, stock analysts predict that Advanced Micro Devices will post 2.61 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

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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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