Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.1% – Here’s What Happened

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) were up 1.1% during trading on Tuesday . The stock traded as high as $96.82 and last traded at $95.50. Approximately 9,067,328 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 43,306,430 shares. The stock had previously closed at $94.50.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Citigroup cut their target price on Advanced Micro Devices from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday. TD Cowen reduced their price objective on Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, Bank of America lowered their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.76.

Advanced Micro Devices Stock Up 1.2 %

The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $102.54 and a 200-day simple moving average of $125.03. The firm has a market capitalization of $154.50 billion, a PE ratio of 96.56, a P/E/G ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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 net margin of 6.36% and a return on equity of 7.42%. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the company. CX Institutional lifted its holdings in Advanced Micro Devices by 6.8% in the first quarter. CX Institutional now owns 15,680 shares of the semiconductor manufacturer’s stock worth $1,611,000 after buying an additional 995 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 8,614,342 shares of the semiconductor manufacturer’s stock worth $885,037,000 after acquiring an additional 73,657 shares in the last quarter. Kozak & Associates Inc. lifted its position in Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 123 shares during the period. Sanibel Captiva Trust Company Inc. grew its holdings in Advanced Micro Devices by 8.2% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 175,239 shares of the semiconductor manufacturer’s stock worth $18,004,000 after purchasing an additional 13,298 shares during the period. Finally, Curated Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 20.8% during the first quarter. Curated Wealth Partners LLC now owns 4,755 shares of the semiconductor manufacturer’s stock valued at $489,000 after purchasing an additional 820 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.