Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.8%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price was down 0.8% during mid-day trading on Thursday . The company traded as low as $150.61 and last traded at $152.44. Approximately 13,080,247 shares were traded during trading, a decline of 81% from the average daily volume of 70,120,859 shares. The stock had previously closed at $153.62.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. Citigroup decreased their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Evercore ISI decreased their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Mizuho reduced their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.94.

Advanced Micro Devices Stock Down 0.8 %

The firm has a 50 day moving average of $174.08 and a two-hundred day moving average of $153.24. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $246.31 billion, a PE ratio of 224.10, a P/E/G ratio of 2.33 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 over the last three months. 0.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the company. Private Portfolio Partners LLC increased its position in shares of Advanced Micro Devices by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 6,346 shares of the semiconductor manufacturer’s stock worth $1,145,000 after acquiring an additional 108 shares in the last quarter. Element Capital Management LLC acquired a new stake in Advanced Micro Devices in the 1st quarter valued at $1,139,000. Blair William & Co. IL raised its position in Advanced Micro Devices by 7.8% in the first quarter. Blair William & Co. IL now owns 222,081 shares of the semiconductor manufacturer’s stock valued at $40,083,000 after purchasing an additional 16,033 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Advanced Micro Devices by 8.3% in the first quarter. Lord Abbett & CO. LLC now owns 988,308 shares of the semiconductor manufacturer’s stock worth $178,380,000 after buying an additional 75,839 shares during the period. Finally, HBK Sorce Advisory LLC boosted its holdings in Advanced Micro Devices by 4.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 11,211 shares of the semiconductor manufacturer’s stock worth $2,023,000 after acquiring an additional 479 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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.