Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 3.6% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 3.6% on Monday . The company traded as high as $140.36 and last traded at $139.70. 13,133,920 shares were traded during trading, a decline of 76% from the average session volume of 55,420,605 shares. The stock had previously closed at $134.90.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Evercore ISI upped their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Finally, Susquehanna reiterated a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a fifty day simple moving average of $154.46 and a 200 day simple moving average of $154.95. The company has a market capitalization of $226.20 billion, a price-to-earnings ratio of 125.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $0.53 earnings per share. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. M&T Bank Corp lifted its position in Advanced Micro Devices by 6.0% during the third quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer’s stock worth $19,179,000 after buying an additional 6,569 shares in the last quarter. Second Line Capital LLC lifted its position in Advanced Micro Devices by 1,111.8% during the third quarter. Second Line Capital LLC now owns 17,838 shares of the semiconductor manufacturer’s stock worth $2,927,000 after buying an additional 16,366 shares in the last quarter. TCW Group Inc. lifted its position in Advanced Micro Devices by 35.6% during the third quarter. TCW Group Inc. now owns 123,528 shares of the semiconductor manufacturer’s stock worth $20,268,000 after buying an additional 32,402 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in Advanced Micro Devices by 27.3% during the third quarter. Rehmann Capital Advisory Group now owns 7,847 shares of the semiconductor manufacturer’s stock worth $1,289,000 after buying an additional 1,684 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in Advanced Micro Devices by 5.5% in the third quarter. TD Private Client Wealth LLC now owns 10,528 shares of the semiconductor manufacturer’s stock valued at $1,727,000 after purchasing an additional 550 shares during the period. 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.