Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD) dropped 1.4% during trading on Wednesday . The stock traded as low as $157.98 and last traded at $158.05. Approximately 9,670,217 shares were traded during trading, a decline of 85% from the average daily volume of 65,256,883 shares. The stock had previously closed at $160.25.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. Morgan Stanley downgraded shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective on the stock. in a report on Monday, June 10th. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Roth Mkm reduced their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, TD Cowen upped their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. One 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 stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Trading Down 2.4 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm has a market capitalization of $252.90 billion, a PE ratio of 230.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. The stock’s 50-day moving average price is $158.65 and its 200 day moving average price is $164.76.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.43 EPS. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its stake in shares of Advanced Micro Devices by 9.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 91,513 shares of the semiconductor manufacturer’s stock worth $9,409,000 after acquiring an additional 7,547 shares during the last quarter. Mather Group LLC. grew its position in Advanced Micro Devices by 21.0% during the 3rd quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock worth $1,017,000 after purchasing an additional 1,717 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Advanced Micro Devices by 37.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 516,866 shares of the semiconductor manufacturer’s stock valued at $53,144,000 after purchasing an additional 141,324 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of Advanced Micro Devices by 30.0% during the third quarter. Valley National Advisers Inc. now owns 958 shares of the semiconductor manufacturer’s stock worth $99,000 after buying an additional 221 shares during the period. Finally, Roundview Capital LLC lifted its stake in shares of Advanced Micro Devices by 35.5% during the third quarter. Roundview Capital LLC now owns 17,532 shares of the semiconductor manufacturer’s stock worth $1,803,000 after buying an additional 4,593 shares during the period. 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.