Advanced Micro Devices (NASDAQ:AMD) Shares Down 2.2%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price traded down 2.2% on Friday . The company traded as low as $151.87 and last traded at $152.34. 14,246,586 shares were traded during mid-day trading, a decline of 78% from the average session volume of 63,937,941 shares. The stock had previously closed at $155.77.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. Evercore ISI cut their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Cantor Fitzgerald upped their price target on shares of Advanced Micro Devices from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup upped their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group dropped their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $193.47.

Advanced Micro Devices Stock Down 2.0 %

The company has a market capitalization of $246.73 billion, a price-to-earnings ratio of 224.03, a PEG ratio of 1.85 and a beta of 1.68. The stock’s fifty day simple moving average is $164.28 and its two-hundred day simple moving average is $167.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.6 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently made changes to their positions in the stock. BKM Wealth Management LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth $48,000. Radnor Capital Management LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $205,000. Chapin Davis Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $253,000. Cyndeo Wealth Partners LLC raised its holdings in shares of Advanced Micro Devices by 308.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 12,140 shares of the semiconductor manufacturer’s stock valued at $1,790,000 after buying an additional 9,166 shares during the last quarter. Finally, Consilio Wealth Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth about $225,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.