Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.9% – Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares rose 0.9% during mid-day trading on Tuesday . The stock traded as high as $123.46 and last traded at $122.60. Approximately 9,774,739 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 37,696,695 shares. The stock had previously closed at $121.46.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMD shares. Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target on the stock. UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. HSBC restated a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.71.

Advanced Micro Devices Stock Down 0.6 %

The company’s 50 day simple moving average is $128.68 and its 200-day simple moving average is $144.27. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $199.67 billion, a P/E ratio of 110.85, a PEG ratio of 1.08 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm earned $0.53 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last three months. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. Custom Index Systems LLC increased its holdings in Advanced Micro Devices by 4.6% during the 4th quarter. Custom Index Systems LLC now owns 3,560 shares of the semiconductor manufacturer’s stock worth $430,000 after purchasing an additional 155 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $275,000. Saxony Capital Management LLC lifted its position in shares of Advanced Micro Devices by 14.7% in the 4th quarter. Saxony Capital Management LLC now owns 3,726 shares of the semiconductor manufacturer’s stock worth $450,000 after purchasing an additional 477 shares during the period. Alta Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 4.0% during the fourth quarter. Alta Wealth Advisors LLC now owns 6,308 shares of the semiconductor manufacturer’s stock valued at $762,000 after purchasing an additional 243 shares in the last quarter. Finally, Coastwise Capital Group LLC increased its holdings in Advanced Micro Devices by 29.9% during the fourth quarter. Coastwise Capital Group LLC now owns 3,393 shares of the semiconductor manufacturer’s stock valued at $410,000 after buying an additional 780 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.