Advanced Micro Devices (NASDAQ:AMD) Trading Down 5%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price traded down 5% during trading on Monday . The company traded as low as $153.64 and last traded at $154.15. 18,332,299 shares were traded during trading, a decline of 72% from the average session volume of 64,777,586 shares. The stock had previously closed at $162.21.

Analyst Ratings Changes

A number of brokerages recently commented on AMD. TD Cowen raised their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. UBS Group reduced their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Roth Mkm lowered their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday, June 15th. Finally, Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Stock Performance

The company has a market capitalization of $265.58 billion, a P/E ratio of 241.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The business has a 50 day moving average of $159.30 and a 200 day moving average of $165.38. 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 earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS 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 firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $0.43 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of the business. Chase Investment Counsel Corp grew its stake in Advanced Micro Devices by 0.7% in the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $231,000. Pathway Financial Advisors LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at $229,000. Independence Bank of Kentucky raised its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake in Advanced Micro Devices by 137.8% in the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after acquiring an additional 7,235 shares during the period. 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.