Advanced Micro Devices (NASDAQ:AMD) Trading 2.4% Higher – Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price rose 2.4% during mid-day trading on Monday . The company traded as high as $130.16 and last traded at $128.44. Approximately 18,755,343 shares changed hands during trading, a decline of 35% from the average daily volume of 28,983,961 shares. The stock had previously closed at $125.37.

Analyst Ratings Changes

AMD has been the topic of several research reports. UBS Group cut their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Mizuho cut their target price on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Barclays cut their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.96.

Advanced Micro Devices Stock Up 2.6 %

The stock has a market cap of $208.84 billion, a P/E ratio of 115.94, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The stock’s 50-day moving average is $135.46 and its 200-day moving average is $147.87. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was 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 of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last 90 days. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Market Strategies LLC boosted its position in shares of Advanced Micro Devices by 20.7% in the fourth quarter. Capital Market Strategies LLC now owns 5,511 shares of the semiconductor manufacturer’s stock worth $666,000 after buying an additional 947 shares during the period. Boltwood Capital Management lifted its position in shares of Advanced Micro Devices by 15.3% in the fourth quarter. Boltwood Capital Management now owns 2,413 shares of the semiconductor manufacturer’s stock worth $291,000 after purchasing an additional 320 shares in the last quarter. Nordea Investment Management AB lifted its position in Advanced Micro Devices by 19.8% in the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock worth $212,943,000 after buying an additional 289,110 shares in the last quarter. Versant Capital Management Inc boosted its position in Advanced Micro Devices by 22.3% during the fourth quarter. Versant Capital Management Inc now owns 1,379 shares of the semiconductor manufacturer’s stock valued at $167,000 after purchasing an additional 251 shares during the last quarter. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.