Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.3%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $175.40 and last traded at $177.32. 23,775,605 shares traded hands during trading, a decline of 69% from the average session volume of 77,731,469 shares. The stock had previously closed at $177.87.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMD shares. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price on shares of Advanced Micro Devices in a research note on Thursday, December 7th. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Wells Fargo & Company upped 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 report on Wednesday, January 31st. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, January 31st. Finally, Truist Financial raised their price objective on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Advanced Micro Devices Price Performance

The stock has a market cap of $291.70 billion, a P/E ratio of 347.10, a PEG ratio of 2.67 and a beta of 1.66. The company has a 50 day simple moving average of $181.02 and a 200 day simple moving average of $140.97. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 in the last 90 days. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Addison Advisors LLC boosted its position in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 62 shares in the last quarter. Schear Investment Advisers LLC raised its stake in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares during the last quarter. Fiduciary Group LLC boosted its position in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. Integrated Advisors Network LLC increased its stake in shares of Advanced Micro Devices by 0.3% in the 4th quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after acquiring an additional 65 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in shares of Advanced Micro Devices by 0.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock worth $1,560,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. 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, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.