Advanced Micro Devices (NASDAQ:AMD) Shares Down 0.7%

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 0.7% on Monday . The stock traded as low as $162.18 and last traded at $163.14. 5,868,431 shares traded hands during trading, a decline of 90% from the average session volume of 58,873,934 shares. The stock had previously closed at $164.35.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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 report on Monday, July 15th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Truist Financial lowered their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Finally, Barclays decreased their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Trading Down 0.1 %

The firm has a market cap of $265.27 billion, a P/E ratio of 239.91, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $146.47 and its 200 day simple moving average is $158.55.

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

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of AMD. Precision Wealth Strategies LLC lifted its holdings in shares of Advanced Micro Devices by 4.0% during the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after buying an additional 155 shares during the period. Concentrum Wealth Management raised its position in Advanced Micro Devices by 6.6% in the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after acquiring an additional 2,354 shares during the period. 9258 Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 70.4% during the 4th quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock worth $1,787,000 after acquiring an additional 5,009 shares during the last quarter. Evoke Wealth LLC grew its position in shares of Advanced Micro Devices by 17.5% during the 4th quarter. Evoke Wealth LLC now owns 3,438 shares of the semiconductor manufacturer’s stock valued at $507,000 after acquiring an additional 513 shares during the period. Finally, Eagle Asset Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth $328,000. 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.