Advanced Micro Devices (NASDAQ:AMD) Trading Down 1.8%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares dropped 1.8% on Tuesday . The stock traded as low as $129.10 and last traded at $132.44. Approximately 22,364,998 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 63,960,574 shares. The stock had previously closed at $134.82.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Truist Financial lowered their target price 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. UBS Group decreased their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. Finally, KeyCorp dropped their price objective 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Stock Down 3.4 %

The firm has a market cap of $210.69 billion, a P/E ratio of 194.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.69. The company’s 50-day simple moving average is $159.77 and its 200 day simple moving average is $167.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the stock. Cherrydale Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 4.7% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after purchasing an additional 58 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the last quarter. Prentice Wealth Management LLC raised its position in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 62 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares during the last quarter. Finally, Delta Financial Group Inc. boosted its holdings in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after purchasing an additional 63 shares in the last quarter. 71.34% of the stock is currently 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.