Advanced Micro Devices (NASDAQ:AMD) trade rose 3.6%

Advanced Micro Devices, Inc. stock price (NASDAQ:AMD – Get Free Report) rose 3.6% during Tuesday’s trading. The company was trading at $172.43 and last traded at $172.41. About 24,668,216 shares were traded during midday trading, down 64% from average daily volume of 67,671,727 shares. Shares previously closed at $166.36.

Analyst Upgrades and Downgrades

Many stock research analysts have commented on AMD stock. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $193.00 to $177.00 and gave the company an “overweight” rating in a report on Monday, April 29th. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the company from $180.00 to $225.00 on Tuesday, April 16. Wells Fargo & Company raised 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. StockNews.com downgraded Advanced Micro Devices from a “hold” to a “sell” rating in a research note on Saturday, May 4th. Finally, Roth Mkm lowered their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One analyst rated the company’s shares with a sell recommendation, two with a hold recommendation, and twenty-eight gave the company’s shares a buy recommendation. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of Moderate Buy and a consensus price target of $185.26.

Read our latest research report on advanced micro devices

Advanced Micro Devices – 4.3% Inventory Increase

The stock’s fifty-day moving average is $163.77 and its two-hundred-day moving average is $158.69. The company has a market capitalization of $280.48 billion, a P/E ratio of 253.55, a price-to-earnings ratio of 1.91 and a beta of 1.66. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt to equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported EPS of $0.62 for the quarter, which was $0.01 ahead of analyst consensus estimates of $0.61. The company’s revenue for the quarter was $5.47 billion, compared to analyst estimates of $5.48 billion. 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 increased 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. As a group, analysts expect Advanced Micro Devices, Inc. will see 2.62 earnings per share for the current year.

Advanced Micro Devices Confidential Transactions

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

Institutional investors are considering advanced micro devices

Many institutional investors have recently made changes to their position within the company. Addison Advisors LLC strengthened its position in the Advanced Micro Devices segment by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Prentice Wealth Management LLC strengthened its position in the Advanced Micro Devices segment by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor maker’s stock valued at $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC strengthened its position in the Advanced Micro Devices segment by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor maker’s stock valued at $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC strengthened its position in the Advanced Micro Devices segment by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor maker’s stock valued at $2,323,000 after purchasing an additional 64 shares during the period. Finally, Fiduciary Group LLC strengthened its position in the Advanced Micro Devices segment by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor maker’s stock valued at $371,000 after purchasing an additional 65 shares during the period. 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 microprocessors and x86 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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