Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.8% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded down 0.8% during trading on Monday . The company traded as low as $154.66 and last traded at $154.68. 7,395,745 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 57,207,457 shares. The stock had previously closed at $155.97.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Robert W. Baird decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley upped their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Advanced Micro Devices Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The firm has a 50 day moving average price of $154.54 and a 200-day moving average price of $156.45. The company has a market cap of $247.15 billion, a P/E ratio of 224.24, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMD. Silver Oak Securities Incorporated grew its holdings in shares of Advanced Micro Devices by 41.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 10,835 shares of the semiconductor manufacturer’s stock worth $1,781,000 after purchasing an additional 3,151 shares during the last quarter. E. Ohman J or Asset Management AB grew its holdings in Advanced Micro Devices by 0.9% during the third quarter. E. Ohman J or Asset Management AB now owns 408,990 shares of the semiconductor manufacturer’s stock valued at $67,107,000 after purchasing an additional 3,600 shares during the period. West Michigan Advisors LLC boosted its position in shares of Advanced Micro Devices by 36.1% during the third quarter. West Michigan Advisors LLC now owns 2,758 shares of the semiconductor manufacturer’s stock worth $453,000 after purchasing an additional 731 shares in the last quarter. Spirit of America Management Corp NY increased its holdings in shares of Advanced Micro Devices by 6.5% in the third quarter. Spirit of America Management Corp NY now owns 7,350 shares of the semiconductor manufacturer’s stock worth $1,206,000 after acquiring an additional 450 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its holdings in Advanced Micro Devices by 1.8% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 118,799 shares of the semiconductor manufacturer’s stock worth $19,493,000 after buying an additional 2,094 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Company Profile

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.