Advanced Micro Devices (NASDAQ:AMD) Trading Down 2%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price dropped 2% during trading on Tuesday . The company traded as low as $159.55 and last traded at $160.75. Approximately 8,058,260 shares were traded during trading, a decline of 86% from the average daily volume of 58,689,996 shares. The stock had previously closed at $164.08.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Bank of America lowered their target price on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Robert W. Baird reduced their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Barclays lowered their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Finally, Cantor Fitzgerald dropped their price objective on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Stock Down 2.8 %

The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $257.66 billion, a PE ratio of 236.40, a PEG ratio of 2.14 and a beta of 1.69. The business has a fifty day moving average of $146.63 and a 200 day moving average of $158.39.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tradewinds Capital Management LLC raised its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $27,000. Valued Wealth Advisors LLC increased its stake in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 70 shares during the last quarter. Finally, Morton Brown Family Wealth LLC raised its holdings in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.