Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.9%

Advanced Micro Devices, Inc. (NASDAQ:AMD) dropped 0.9% during trading on Tuesday . The company traded as low as $176.33 and last traded at $177.00. Approximately 18,702,427 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 77,869,969 shares. The stock had previously closed at $178.63.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMD. Wedbush reaffirmed an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. DZ Bank restated a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a report on Wednesday, January 31st. Morgan Stanley raised their target price on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, Barclays boosted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $181.82.

Advanced Micro Devices Price Performance

The company’s 50 day moving average is $180.63 and its 200 day moving average is $140.69. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $287.34 billion, a price-to-earnings ratio of 345.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock worth $59,919,994 in the last 90 days. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Addison Advisors LLC increased its holdings in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Schear Investment Advisers LLC lifted its position in shares of Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after acquiring an additional 64 shares during the period. Fiduciary Group LLC boosted its stake in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares in the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Advanced Micro Devices by 0.3% in the 4th quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock worth $2,793,000 after acquiring an additional 65 shares during the period. Finally, Checchi Capital Advisers LLC increased its stake in Advanced Micro Devices by 0.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock valued at $1,560,000 after purchasing an additional 66 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.