Advanced Micro Devices (NASDAQ:AMD) Trading Up 6.2% – Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 6.2% during mid-day trading on Monday . The stock traded as high as $112.74 and last traded at $113.02. 16,405,438 shares were traded during trading, a decline of 62% from the average session volume of 43,363,175 shares. The stock had previously closed at $106.44.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMD. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices Stock Up 7.0 %

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 stock has a market capitalization of $184.62 billion, a P/E ratio of 115.08, a P/E/G ratio of 1.11 and a beta of 1.74. The stock’s 50-day moving average price is $110.28 and its two-hundred day moving average price is $131.78.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Institutional investors have recently added to or reduced their stakes in the stock. Bedell Frazier Investment Counselling LLC lifted its holdings in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares during the period. NCM Capital Management LLC increased its position in shares of Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after purchasing an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in shares of Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock worth $94,000 after purchasing an additional 76 shares during the period. Northeast Financial Consultants Inc lifted its stake in shares of Advanced Micro Devices by 2.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after purchasing an additional 81 shares during the period. Finally, Abel Hall LLC boosted its holdings in shares of Advanced Micro Devices by 4.6% in the third quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock worth $304,000 after buying an additional 82 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.