Advanced Micro Devices (NASDAQ:AMD) Shares Up 1.4% – What’s Next?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price traded up 1.4% during trading on Friday . The stock traded as high as $125.25 and last traded at $124.75. 8,926,690 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 36,176,699 shares. The stock had previously closed at $123.04.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.33.

Advanced Micro Devices Stock Down 0.2 %

The firm has a 50-day moving average price of $128.12 and a two-hundred day moving average price of $143.73. The firm has a market cap of $199.35 billion, a price-to-earnings ratio of 110.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last ninety days. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMD. Tempus Wealth Planning LLC grew its holdings in shares of Advanced Micro Devices by 44.3% during the fourth quarter. Tempus Wealth Planning LLC now owns 5,702 shares of the semiconductor manufacturer’s stock worth $689,000 after buying an additional 1,750 shares during the last quarter. Calamos Wealth Management LLC lifted its position in Advanced Micro Devices by 8.9% during the 4th quarter. Calamos Wealth Management LLC now owns 1,708 shares of the semiconductor manufacturer’s stock worth $206,000 after acquiring an additional 140 shares during the period. Blodgett Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 3.3% in the 4th quarter. Blodgett Wealth Advisors LLC now owns 6,257 shares of the semiconductor manufacturer’s stock valued at $756,000 after purchasing an additional 200 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 2.2% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 94,698 shares of the semiconductor manufacturer’s stock valued at $11,439,000 after purchasing an additional 2,020 shares during the period. Finally, GDS Wealth Management raised its stake in shares of Advanced Micro Devices by 9.0% during the fourth quarter. GDS Wealth Management now owns 88,136 shares of the semiconductor manufacturer’s stock worth $10,646,000 after purchasing an additional 7,253 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.