Advanced Micro Devices (NASDAQ:AMD) Shares Up 2.3%

Advanced Micro Devices, Inc. Stock (NASDAQ:AMD – Get Free Report) rose 2.3% during Wednesday’s trading. The stock was trading at $169.81 and last traded at $168.52. A total of 16,810,678 shares were traded during trading, down 75% from the session’s average volume of 67,721,492 shares. The company’s shares had previously closed at $164.66.

Wall Street analysts predict growth

Several stock analysts have recently commented on AMD stock. The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Barclays increased their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, in a research report issued on Saturday, May 4, StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating. One investment analyst rated the company with a sell rating, two with a hold rating, and twenty-eight gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.26.

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Advanced prices for micro devices

The company has a 50-day simple moving average of $165.87 and a 200-day simple moving average of $157.24. The company has a debt to equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a market capitalization of $266.85 billion, a PE ratio of 247.83, a PEG ratio of 2.57 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, $0.01 above the consensus estimate of $0.61. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was $5.47 billion, compared to analyst expectations of $5.48 billion. During the same quarter last year, the company reported earnings per share of $0.43. The company’s revenues for this quarter increased by 2.2% compared to the same quarter last year. Stock analysts predict that as a group, Advanced Micro Devices, Inc. will see 2.62 earnings per share this year.

Confidential activity at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock valued at $794,069.94. The sale was disclosed in a filing with the SEC, which can be accessed at this link. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66 for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock valued at USD 794,069.94. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. Additionally, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The announcement of this sale can be found here. In the last quarter, insiders sold 165,650 shares of company stock worth $31,761,199. Insiders own 0.65% of the company’s shares.

Hedge funds are betting on advanced micro devices

Several institutional investors have recently made changes to their positions at AMD. Tradewinds Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor maker’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the third quarter valued at approximately $27,000. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. In the first quarter, Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices by 926.7%. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor maker’s stock valued at $28,000 after acquiring an additional 139 shares in the last quarter. Finally, Bare Financial Services Inc purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Advanced Micro Devices company profile

(Get the free report)

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 x86 microprocessors and 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.

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