Advanced Micro Devices (NASDAQ:AMD) traded down 0.4%

Advanced Micro Devices, Inc. Stock (NASDAQ:AMD – Get Free Report) fell 0.4% on Thursday. The stock was trading as low as $163.80 and last traded at $164.42. About 14,279,112 shares were traded during midday trading, down 79% from average daily volume of 67,503,578 shares. Shares previously closed at $165.14.

Wall Street analysts predict growth

Many analysts have recently commented on AMD stock. Northland Securities upgraded Advanced Micro Devices from an “outperform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. In a report on Saturday, May 4, StockNews.com downgraded Advanced Micro Devices from a “hold” to a “sell.” Truist Financial lowered their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Finally, KeyCorp lowered their target price on Advanced Micro Devices from $270.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One analyst rated the company’s shares with a sell rating, two with a hold rating, and twenty-eight issued a buy rating. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $185.26.

View our latest research report on AMD

Trade growth of advanced micro devices by 1.2%

The company’s market capitalization is $270.13 billion, price-to-earnings ratio is 241.80, P/E/G ratio is 1.97 and beta is 1.66. The company has a 50-day moving average price of $163.28 and a 200-day moving average price of $159.11. The company has a quick 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) released its quarterly earnings results 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. 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% compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.43. Analysts predict that Advanced Micro Devices, Inc. will report 2.62 EPS for the current financial year.

Buying and selling confidential information

In other Advanced Micro Devices news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock 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 completion of the transaction, the executive vice president now 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. Over the last three months, insiders sold a total of 163,972 shares of company stock worth $31,444,628. 0.73% of the shares belong to corporate insiders.

Institutional inflows and outflows

Several hedge funds and other institutional investors have recently increased or decreased their holdings in AMD. Pathway Financial Advisers LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth approximately $91,000. Cetera Advisor Networks LLC increased its position in shares of Advanced Micro Devices by 13.3% during the first quarter. Cetera Advisor Networks LLC now owns 582,451 shares of the semiconductor maker’s stock valued at $105,127,000 after purchasing an additional 68,461 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Advanced Micro Devices by 339.3% during the first quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor maker’s stock valued at $28,362,000 after purchasing an additional 121,366 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Advanced Micro Devices by 381.2% during the first quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor maker’s stock valued at $156,772,000 after purchasing an additional 688,081 shares in the last quarter. Finally, Atria Investments Inc increased its position in shares of Advanced Micro Devices by 16.2% during the first quarter. Atria Investments Inc now owns 51,904 shares of the semiconductor maker’s stock valued at $9,368,000 after acquiring an additional 7,236 shares in the last quarter. Currently, 71.34% of the shares are held by institutional investors.

About advanced micro devices

(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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