Advanced Micro Devices (NASDAQ:AMD) Trading 1.8% Higher – Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 1.8% during mid-day trading on Tuesday . The stock traded as high as $112.26 and last traded at $112.49. 10,320,530 shares changed hands during trading, a decline of 75% from the average session volume of 41,981,516 shares. The stock had previously closed at $110.48.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMD shares. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. KeyCorp lowered their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Benchmark decreased their price objective on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price objective on shares of Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Trading Up 0.8 %

The business has a fifty day simple moving average of $122.79 and a 200-day simple moving average of $139.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The firm has a market cap of $180.55 billion, a price-to-earnings ratio of 112.47, a PEG ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Capital Management Investments LLC raised its position in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth about $32,000. 71.34% of the stock is currently owned by institutional investors.

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.