Advanced Micro Devices (NASDAQ:AMD) Shares Up 2.7%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s stock price shot up 2.7% on Friday . The company traded as high as $158.63 and last traded at $157.85. 19,845,539 shares changed hands during trading, a decline of 73% from the average session volume of 72,485,953 shares. The stock had previously closed at $153.76.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday. Roth Mkm lifted their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Stock Up 2.4 %

The company’s 50 day simple moving average is $177.46 and its 200-day simple moving average is $150.55. The firm has a market cap of $254.38 billion, a P/E ratio of 302.70, a PEG ratio of 2.34 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in the company. Nadler Financial Group Inc. increased its holdings in shares of Advanced Micro Devices by 29.5% in the 1st quarter. Nadler Financial Group Inc. now owns 3,556 shares of the semiconductor manufacturer’s stock worth $642,000 after buying an additional 810 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC grew its position in Advanced Micro Devices by 2.8% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,211 shares of the semiconductor manufacturer’s stock worth $1,482,000 after acquiring an additional 225 shares in the last quarter. Finer Wealth Management Inc. increased its stake in Advanced Micro Devices by 19.3% during the first quarter. Finer Wealth Management Inc. now owns 15,817 shares of the semiconductor manufacturer’s stock worth $2,855,000 after acquiring an additional 2,561 shares during the last quarter. Pinnacle Associates Ltd. raised its position in Advanced Micro Devices by 0.6% during the first quarter. Pinnacle Associates Ltd. now owns 69,856 shares of the semiconductor manufacturer’s stock valued at $12,608,000 after purchasing an additional 409 shares during the period. Finally, BLB&B Advisors LLC lifted its stake in shares of Advanced Micro Devices by 63.5% in the 1st quarter. BLB&B Advisors LLC now owns 3,117 shares of the semiconductor manufacturer’s stock valued at $563,000 after purchasing an additional 1,210 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

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.