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

Advanced Micro Devices, Inc. (NASDAQ:AMD) was up 0.9% during mid-day trading on Friday . The stock traded as high as $114.63 and last traded at $112.84. Approximately 12,445,277 shares were traded during trading, a decline of 70% from the average daily volume of 41,234,203 shares. The stock had previously closed at $111.81.

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. Citigroup downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Loop Capital assumed coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Stifel Nicolaus dropped their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Bank of America reduced their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, TD Cowen dropped their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Trading Up 0.7 %

The firm’s fifty day simple moving average is $120.94 and its 200 day simple moving average is $138.93. The stock has a market capitalization of $182.42 billion, a P/E ratio of 113.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting 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, equities research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC lifted its stake in shares of Advanced Micro Devices by 112.7% in the 4th quarter. Two Sigma Securities LLC now owns 4,536 shares of the semiconductor manufacturer’s stock valued at $548,000 after acquiring an additional 40,324 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Stonebridge Capital Advisors LLC raised its position in Advanced Micro Devices by 4.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 65,883 shares of the semiconductor manufacturer’s stock valued at $7,958,000 after purchasing an additional 2,535 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Advanced Micro Devices by 33.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 403,727 shares of the semiconductor manufacturer’s stock valued at $48,959,000 after purchasing an additional 101,405 shares in the last quarter. Finally, Oxford Wealth Group LLC boosted its stake in shares of Advanced Micro Devices by 93.1% during the fourth quarter. Oxford Wealth Group LLC now owns 2,381 shares of the semiconductor manufacturer’s stock valued at $288,000 after purchasing an additional 1,148 shares in 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.