Advanced Micro Devices (NASDAQ:AMD) Trading Up 3.6%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 3.6% during trading on Friday . The stock traded as high as $166.45 and last traded at $165.15. 20,260,025 shares were traded during trading, a decline of 69% from the average session volume of 64,845,777 shares. The stock had previously closed at $159.47.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMD. KeyCorp cut their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. 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. Susquehanna increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10th. Roth Mkm decreased their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Trading Up 1.7 %

The stock’s fifty day simple moving average is $159.12 and its two-hundred day simple moving average is $165.05. The firm has a market cap of $262.18 billion, a PE ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Addison Advisors LLC raised its holdings in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the last quarter. Prentice Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after buying an additional 63 shares during the last quarter. Schear Investment Advisers LLC grew its holdings in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares during the period. Finally, Fiduciary Group LLC increased its position in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after acquiring an additional 65 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

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.