Advanced Micro Devices (NASDAQ:AMD) Trading Up 3.9%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) were up 3.9% during mid-day trading on Wednesday . The company traded as high as $136.24 and last traded at $135.32. Approximately 21,454,543 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 63,950,102 shares. The stock had previously closed at $130.18.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Tuesday, May 7th. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. UBS Group reduced their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald lowered their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Trading Up 0.2 %

The company has a market cap of $210.85 billion, a price-to-earnings ratio of 199.00, a PEG ratio of 1.79 and a beta of 1.69. The business’s 50 day moving average price is $158.95 and its 200-day moving average price is $167.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.58 EPS for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Advanced Micro Devices by 813.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares during the last quarter. Capital World Investors grew its stake in shares of Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after purchasing an additional 2,982,704 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Institutional investors own 71.34% of the company’s stock.

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.