Advanced Micro Devices (NASDAQ:AMD) Trading Up 2.5% – Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares were up 2.5% during mid-day trading on Monday . The company traded as high as $122.74 and last traded at $121.46. Approximately 35,556,654 shares traded hands during trading, an increase of 2% from the average daily volume of 34,940,360 shares. The stock had previously closed at $118.44.

Analysts Set New Price Targets

Several research firms recently weighed in on AMD. Loop Capital started coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Citigroup dropped their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, Evercore ISI lifted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.71.

Advanced Micro Devices Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $198.44 billion, a PE ratio of 110.16, a PEG ratio of 1.07 and a beta of 1.66. The company has a 50 day moving average price of $129.42 and a 200-day moving average price of $144.76.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 over the last three months. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after acquiring an additional 177,700 shares during the last quarter. Swiss National Bank increased its holdings in Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock worth $787,186,000 after buying an additional 12,500 shares in the last quarter. Shum Financial Group Inc. purchased a new position in Advanced Micro Devices in the 3rd quarter worth about $858,000. State Street Corp lifted its stake in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after acquiring an additional 441,924 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.