Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 2.1% – Time to Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price rose 2.1% on Wednesday . The stock traded as high as $99.99 and last traded at $98.81. Approximately 8,883,230 shares changed hands during trading, a decline of 77% from the average daily volume of 39,182,270 shares. The stock had previously closed at $96.76.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Mizuho cut their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Finally, KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices Stock Performance

The business’s 50-day moving average price is $112.54 and its 200-day moving average price is $133.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market cap of $162.50 billion, a P/E ratio of 101.27, 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 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Swedbank AB boosted 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 purchasing an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares during the last quarter. United Bank bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $516,000. Finally, GSA Capital Partners LLP bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $870,000. Institutional investors 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.