Advanced Micro Devices (NASDAQ:AMD) stock prices up 3.7%

Advanced Micro Devices, Inc. stock price (NASDAQ:AMD – Get Free Report) rose 3.7% in intraday trading on Monday. The stock was trading at $167.66 and last traded at $166.36. About 54,868,600 shares were traded during midday trading, down 20% from average daily volume of 68,171,180 shares. Shares previously closed at $160.43.

Wall Street analysts predict growth

AMD has been the subject of several recent research reports. Morgan Stanley lowered their target price on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Rosenblatt Securities maintained a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. DZ Bank upgraded Advanced Micro Devices from a “hold” to a “buy” rating and set a price target for the stock at $190.00 in a research report on Tuesday, May 7. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $225.00 on Tuesday, April 16. Finally, Susquehanna lowered their target price on Advanced Micro Devices from $200.00 to $185.00 and gave the stock a “positive” rating in a research report on Monday, April 29th. One equity market research analyst rated the company’s shares with a sell recommendation, two with a hold recommendation, and twenty-eight issued a buy recommendation. According to MarketBeat, Advanced Micro Devices has an average rating of Moderate Buy and a consensus price target of $185.26.

Get our latest stock analysis on AMD

Trade growth of advanced micro devices by 3.2%

The company has a market capitalization of $277.38 billion, a price-to-earnings ratio of 252.37, a price-to-earnings growth ratio of 1.91 and a beta of 1.66. The company has a 50-day moving average price of $163.57 and a 200-day moving average price of $159.06. 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 ) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The company’s revenue for the quarter was $5.47 billion, 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 revenues increased by 2.2% year-on-year. During the same quarter last year, the company saw an EPS of $0.43. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. it will record 2.62 EPS for the current year.

Buying and selling confidential information at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29. The shares were sold at an average price of $188.66 for a total transaction of $316,571.48. Following 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 document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction amount of $24,391,250.00. Following the transaction, the CEO now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing filed with the SEC, which can be accessed through the SEC’s website. Additionally, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices 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 $794,069.94. 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. Corporate insiders own 0.65% of the company’s stock.

Hedge funds are betting on advanced micro devices

Hedge funds have recently modified their holdings in the company. Tradewinds Capital Management LLC increased its exposure to 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 acquiring an additional 71 shares in the last quarter. In the first quarter, Semmax Financial Advisors Inc. increased its exposure to Advanced Micro Devices shares 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. Valued Wealth Advisors LLC increased its holdings in shares of Advanced Micro Devices by 70.7% during the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor maker’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $28,000. Finally, Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. 71.34% of the shares are currently held by institutional investors and hedge funds.

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.

Recommended articles

Get advanced micro devices news and ratings every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Advanced Micro Devices and related companies with MarketBeat.com’s FREE daily email newsletter.