Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.7% – Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price was up 0.7% during mid-day trading on Wednesday . The company traded as high as $104.65 and last traded at $104.18. Approximately 8,195,858 shares changed hands during trading, a decline of 81% from the average daily volume of 43,993,455 shares. The stock had previously closed at $103.51.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Benchmark reissued a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Finally, Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Price Performance

The firm has a market cap of $170.32 billion, a price-to-earnings ratio of 105.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average is $111.08 and its 200-day moving average is $132.53.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMD. 111 Capital acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $808,000. NorthCrest Asset Manangement LLC raised its holdings in Advanced Micro Devices by 2.8% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 151,395 shares of the semiconductor manufacturer’s stock valued at $18,287,000 after buying an additional 4,054 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $13,166,000. Lighthouse Financial LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $702,000. Finally, Probity Advisors Inc. grew its holdings in Advanced Micro Devices by 14.7% during the 4th quarter. Probity Advisors Inc. now owns 7,720 shares of the semiconductor manufacturer’s stock worth $932,000 after acquiring an additional 992 shares during the last quarter. 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.