Advanced Micro Devices (NASDAQ:AMD) Trading Down 0.2% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price fell 0.2% during mid-day trading on Thursday . The company traded as low as $129.14 and last traded at $129.92. 12,173,757 shares traded hands during trading, a decline of 77% from the average session volume of 53,723,391 shares. The stock had previously closed at $130.15.

Analysts Set New Price Targets

A number of research firms have commented on AMD. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Morgan Stanley reduced their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Barclays reduced their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.36.

Advanced Micro Devices Stock Down 2.8 %

The firm has a market cap of $205.95 billion, a P/E ratio of 114.33, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. The firm’s 50 day moving average is $146.72 and its two-hundred day moving average is $152.15. 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 announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction 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 approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its stake in shares of Advanced Micro Devices by 2.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 60,761 shares of the semiconductor manufacturer’s stock worth $9,937,000 after acquiring an additional 1,279 shares in the last quarter. DGS Capital Management LLC grew its position in Advanced Micro Devices by 98.7% in the third quarter. DGS Capital Management LLC now owns 2,452 shares of the semiconductor manufacturer’s stock valued at $402,000 after purchasing an additional 1,218 shares in the last quarter. Inspire Trust Co. N.A. increased its stake in Advanced Micro Devices by 68.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 33,000 shares of the semiconductor manufacturer’s stock valued at $5,415,000 after buying an additional 13,441 shares during the last quarter. Synovus Financial Corp lifted its position in Advanced Micro Devices by 26.2% during the 3rd quarter. Synovus Financial Corp now owns 33,769 shares of the semiconductor manufacturer’s stock worth $5,541,000 after buying an additional 7,006 shares in the last quarter. Finally, Destination Wealth Management boosted its stake in shares of Advanced Micro Devices by 32.4% during the 3rd quarter. Destination Wealth Management now owns 11,680 shares of the semiconductor manufacturer’s stock worth $1,916,000 after buying an additional 2,855 shares during 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.