Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares fell 1.4% during trading on Wednesday . The stock traded as low as $157.98 and last traded at $158.05. 9,670,217 shares were traded during mid-day trading, a decline of 85% from the average session volume of 65,256,883 shares. The stock had previously closed at $160.25.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMD. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Citigroup lowered their price objective on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Susquehanna lifted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Advanced Micro Devices Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market cap of $252.90 billion, a PE ratio of 230.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. The company’s 50 day moving average price is $158.65 and its 200-day moving average price is $164.76.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tradewinds Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the period. Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Chelsea Counsel Co. bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $34,000. Finally, Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $28,000. 71.34% of the stock is currently owned by institutional investors.

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.