Advanced Micro Devices (NASDAQ:AMD) Trading 1.2% Higher – Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price shot up 1.2% on Thursday . The stock traded as high as $107.94 and last traded at $107.54. 8,572,433 shares traded hands during trading, a decline of 80% from the average session volume of 43,793,214 shares. The stock had previously closed at $106.23.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMD shares. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Tuesday. HSBC reaffirmed a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Melius Research restated a “hold” rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Mizuho reduced their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Finally, TD Cowen lowered their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Price Performance

The company’s 50 day moving average is $110.76 and its 200-day moving average is $132.35. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $172.70 billion, a PE ratio of 108.01, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting 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, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently modified their holdings of the business. Swedbank AB grew its holdings in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after acquiring an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC grew its stake in shares of Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 324 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after buying an additional 588,595 shares during the last quarter. United Bank acquired a new stake in Advanced Micro Devices in the third quarter valued at approximately $516,000. Finally, Tranquility Partners LLC grew its position in Advanced Micro Devices by 8.2% in the third quarter. Tranquility Partners LLC now owns 1,356 shares of the semiconductor manufacturer’s stock worth $222,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other 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.