Investors Buy Shares of Advanced Micro Devices (AMD) on Weakness

Traders bought shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) on weakness during trading on Monday. $148.85 million flowed into the stock on the tick-up and $125.09 million flowed out of the stock on the tick-down, for a money net flow of $23.76 million into the stock. Of all companies tracked, Advanced Micro Devices had the 3rd highest net in-flow for the day. Advanced Micro Devices traded down ($0.19) for the day and closed at $10.44

A number of research firms recently commented on AMD. Argus raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.74 to $18.00 in a research note on Thursday, February 1st. Credit Suisse Group lifted their price objective on Advanced Micro Devices from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. MKM Partners lifted their price objective on Advanced Micro Devices from $13.00 to $14.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Vetr lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $13.12 price objective on the stock. in a research note on Monday, January 29th. Finally, Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.62.

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The company has a market capitalization of $10,301.87, a price-to-earnings ratio of 348.00, a price-to-earnings-growth ratio of 4.59 and a beta of 2.73. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. research analysts predict that Advanced Micro Devices, Inc. will post 0.3 earnings per share for the current fiscal year.

In other news, SVP Harry A. Wolin sold 18,967 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $201,429.54. Following the completion of the sale, the senior vice president now owns 975,517 shares in the company, valued at $10,359,990.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mark D. Papermaster sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $10.51, for a total value of $210,200.00. Following the sale, the senior vice president now owns 945,189 shares of the company’s stock, valued at approximately $9,933,936.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,418,240 shares of company stock valued at $16,750,368. 1.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. increased its holdings in shares of Advanced Micro Devices by 10.1% during the fourth quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock valued at $226,943,000 after acquiring an additional 2,022,320 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 23.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock valued at $125,891,000 after acquiring an additional 2,295,080 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 9,486,698 shares of the semiconductor manufacturer’s stock valued at $97,337,000 after acquiring an additional 386,063 shares in the last quarter. Teachers Advisors LLC grew its holdings in Advanced Micro Devices by 40.4% during the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after buying an additional 2,629,584 shares in the last quarter. Finally, CI Investments Inc. grew its holdings in Advanced Micro Devices by 17.3% during the fourth quarter. CI Investments Inc. now owns 8,593,176 shares of the semiconductor manufacturer’s stock worth $88,338,000 after buying an additional 1,270,283 shares in the last quarter. Hedge funds and other institutional investors own 62.15% of the company’s stock.

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About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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