Advanced Micro Devices (NASDAQ:AMD) Trading Up 0.1% on Analyst Upgrade

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 0.1% during trading on Friday after Piper Sandler raised their price target on the stock from $175.00 to $200.00. Piper Sandler currently has an overweight rating on the stock. Advanced Micro Devices traded as high as $165.60 and last traded at $164.33. 11,118,131 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 57,910,074 shares. The stock had previously closed at $164.18.

A number of other equities analysts also recently commented on AMD. KeyCorp decreased their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Citigroup raised their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Barclays reduced their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upped their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.31.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC raised its holdings in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the period. Semmax Financial Advisors Inc. raised its stake in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the period. ZRC Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares during the period. Fairway Wealth LLC purchased a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $27,000. Finally, Valued Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.7 %

The company has a market capitalization of $267.47 billion, a PE ratio of 200.40, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company’s fifty day moving average is $150.63 and its 200-day moving average is $157.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

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.