Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 0.1% – Here’s Why

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $98.16 and last traded at $96.73. Approximately 10,676,681 shares were traded during trading, a decline of 73% from the average daily volume of 39,330,105 shares. The stock had previously closed at $96.63.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Stifel Nicolaus reduced their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Mizuho dropped their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $157.38 billion, a price-to-earnings ratio of 98.13, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business has a fifty day simple moving average of $113.87 and a 200 day simple moving average of $134.58.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Probity Advisors Inc. raised its position in Advanced Micro Devices by 14.7% during the fourth quarter. Probity Advisors Inc. now owns 7,720 shares of the semiconductor manufacturer’s stock valued at $932,000 after purchasing an additional 992 shares in the last quarter. Audent Global Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 240.3% during the 4th quarter. Audent Global Asset Management LLC now owns 35,992 shares of the semiconductor manufacturer’s stock worth $4,347,000 after buying an additional 25,414 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $52,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $186,718,000. Finally, Brooklyn FI LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $3,239,000. 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.