Advanced Micro Devices (NASDAQ:AMD) Trading Up 2.2% – What’s Next?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) traded up 2.2% during mid-day trading on Monday . The company traded as high as $209.88 and last traded at $207.69. 27,012,101 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 30,977,115 shares. The stock had previously closed at $203.17.

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMD shares. Wells Fargo & Company upped their price target on Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, November 12th. Bank of America restated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Jefferies Financial Group set a $300.00 price target on shares of Advanced Micro Devices and gave the company a “positive” rating in a report on Monday, October 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $277.06.

Check Out Our Latest Analysis on AMD

Advanced Micro Devices Stock Up 2.2%

The firm has a market cap of $338.13 billion, a P/E ratio of 102.82, a PEG ratio of 0.86 and a beta of 1.95. The firm’s 50-day moving average price is $220.29 and its 200 day moving average price is $193.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.Advanced Micro Devices’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the sale, the chief executive officer directly owned 3,277,476 shares in the company, valued at $705,116,186.64. This trade represents a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 178,358 shares of company stock worth $39,229,623 over the last ninety days. 0.06% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. Brighton Jones LLC grew its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the period. Bayforest Capital Ltd bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $47,000. Jones Financial Companies Lllp increased its position in Advanced Micro Devices by 74.5% in the 1st quarter. Jones Financial Companies Lllp now owns 390,771 shares of the semiconductor manufacturer’s stock valued at $40,335,000 after acquiring an additional 166,812 shares during the period. Finally, Modern Wealth Management LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at $644,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

(Get Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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