Advanced Micro Devices (NASDAQ:AMD) Shares Up 3.9%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 3.9% on Wednesday . The company traded as high as $136.24 and last traded at $135.32. 21,454,543 shares were traded during trading, a decline of 66% from the average session volume of 63,950,102 shares. The stock had previously closed at $130.18.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Bank of America reduced their target price on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Barclays lowered their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Jefferies Financial Group started coverage on Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and issued a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, UBS Group cut their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Trading Up 0.2 %

The business has a fifty day moving average price of $158.95 and a two-hundred day moving average price of $167.36. The firm has a market capitalization of $210.85 billion, a PE ratio of 199.00, a PEG ratio of 1.79 and a beta of 1.69. The company has a current ratio of 2.82, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 2.58 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Gryphon Financial Partners LLC grew its holdings in shares of Advanced Micro Devices by 15.8% in the 2nd quarter. Gryphon Financial Partners LLC now owns 3,602 shares of the semiconductor manufacturer’s stock worth $584,000 after acquiring an additional 492 shares during the period. Malaga Cove Capital LLC grew its holdings in Advanced Micro Devices by 2.7% in the second quarter. Malaga Cove Capital LLC now owns 28,076 shares of the semiconductor manufacturer’s stock valued at $4,554,000 after purchasing an additional 742 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Advanced Micro Devices by 5.3% in the second quarter. Daiwa Securities Group Inc. now owns 349,140 shares of the semiconductor manufacturer’s stock valued at $56,633,000 after buying an additional 17,595 shares in the last quarter. RPG Investment Advisory LLC raised its stake in shares of Advanced Micro Devices by 15.8% during the 2nd quarter. RPG Investment Advisory LLC now owns 124,442 shares of the semiconductor manufacturer’s stock worth $20,186,000 after buying an additional 16,957 shares during the last quarter. Finally, Doheny Asset Management CA boosted its position in shares of Advanced Micro Devices by 47.6% in the 2nd quarter. Doheny Asset Management CA now owns 41,860 shares of the semiconductor manufacturer’s stock worth $6,790,000 after buying an additional 13,506 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.