Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price traded down 1% during mid-day trading on Tuesday . The company traded as low as $154.58 and last traded at $155.13. 7,727,376 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 59,464,527 shares. The stock had previously closed at $156.75.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. KeyCorp cut their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Morgan Stanley upped their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Stock Performance

The stock’s 50 day moving average price is $146.31 and its 200 day moving average price is $159.61. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $256.23 billion, a price-to-earnings ratio of 228.13, a P/E/G ratio of 2.04 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. Greater Midwest Financial Group LLC raised its position in Advanced Micro Devices by 14.7% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 7,073 shares of the semiconductor manufacturer’s stock worth $1,147,000 after purchasing an additional 906 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of Advanced Micro Devices by 28.9% in the second quarter. Centaurus Financial Inc. now owns 26,197 shares of the semiconductor manufacturer’s stock worth $4,249,000 after acquiring an additional 5,868 shares during the period. Anchor Investment Management LLC boosted its holdings in Advanced Micro Devices by 1.6% in the second quarter. Anchor Investment Management LLC now owns 5,919 shares of the semiconductor manufacturer’s stock valued at $960,000 after acquiring an additional 94 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Advanced Micro Devices by 258.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,098,788 shares of the semiconductor manufacturer’s stock valued at $178,234,000 after purchasing an additional 792,005 shares during the period. Finally, American Trust raised its holdings in Advanced Micro Devices by 41.4% during the 2nd quarter. American Trust now owns 1,741 shares of the semiconductor manufacturer’s stock worth $282,000 after purchasing an additional 510 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.