Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 5.4% during mid-day trading on Thursday . The company traded as low as $29.87 and last traded at $30.48. 302,988,406 shares changed hands during trading, an increase of 314% from the average session volume of 73,099,492 shares. The stock had previously closed at $32.21.

A number of analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Advanced Micro Devices from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, July 16th. Benchmark assumed coverage on Advanced Micro Devices in a research report on Tuesday, June 26th. They set a “hold” rating for the company. They noted that the move was a valuation call. BidaskClub raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 13th. Rosenblatt Securities reissued a “buy” rating and set a $30.00 price objective (up previously from $27.00) on shares of Advanced Micro Devices in a research report on Thursday, August 23rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $30.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, September 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.02.

The stock has a market capitalization of $31.40 billion, a price-to-earnings ratio of 409.00, a PEG ratio of 6.32 and a beta of 3.16. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.66 and a quick ratio of 1.26.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 52.6% compared to the same quarter last year. equities research analysts predict that Advanced Micro Devices, Inc. will post 0.36 earnings per share for the current fiscal year.

In other news, Director Mubadala Investment Co Pjsc sold 22,000,000 shares of Advanced Micro Devices stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $19.33, for a total value of $425,260,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Devinder Kumar sold 113,519 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total value of $2,198,863.03. The disclosure for this sale can be found here. Insiders sold 25,033,429 shares of company stock valued at $486,941,396 in the last ninety days. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Advanced Micro Devices in the second quarter worth about $327,000. Public Employees Retirement System of Ohio increased its stake in shares of Advanced Micro Devices by 2.4% in the second quarter. Public Employees Retirement System of Ohio now owns 362,998 shares of the semiconductor manufacturer’s stock worth $5,441,000 after purchasing an additional 8,421 shares during the period. Global X Management Co LLC increased its stake in shares of Advanced Micro Devices by 531.4% in the second quarter. Global X Management Co LLC now owns 85,565 shares of the semiconductor manufacturer’s stock worth $1,283,000 after purchasing an additional 72,014 shares during the period. Bank of Nova Scotia increased its stake in shares of Advanced Micro Devices by 78.4% in the second quarter. Bank of Nova Scotia now owns 317,332 shares of the semiconductor manufacturer’s stock worth $4,757,000 after purchasing an additional 139,426 shares during the period. Finally, Davy Asset Management Ltd bought a new position in shares of Advanced Micro Devices in the second quarter worth about $1,220,000. Institutional investors and hedge funds own 65.99% of the company’s stock.

Advanced Micro Devices Company Profile (NASDAQ:AMD)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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