Advanced Micro Devices (NASDAQ:AMD) Shares Up 0.4% – Should You Buy?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 0.4% during trading on Friday . The stock traded as high as $157.53 and last traded at $156.85. 7,192,266 shares traded hands during trading, a decline of 87% from the average session volume of 57,371,719 shares. The stock had previously closed at $156.25.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMD. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Finally, Truist Financial reduced their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Price Performance

The stock has a 50-day moving average price of $153.43 and a two-hundred day moving average price of $157.13. The stock has a market cap of $253.02 billion, a price-to-earnings ratio of 231.18, a PEG ratio of 2.33 and a beta of 1.70. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

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

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Advanced Micro Devices by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after buying an additional 116,020 shares in the last quarter. Chapin Davis Inc. boosted its stake in Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,544 shares during the last quarter. Wesbanco Bank Inc. raised its position in shares of Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after buying an additional 21,132 shares during the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the third quarter worth about $2,394,000. Finally, Sycomore Asset Management boosted its position in Advanced Micro Devices by 28.6% during the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after acquiring an additional 30,677 shares during the last quarter. Institutional investors and hedge funds 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.