Advanced Micro Devices (NASDAQ:AMD) Trading Up 2.2% – Time to Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 2.2% during trading on Friday . The stock traded as high as $122.74 and last traded at $121.06. 14,860,954 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 38,272,938 shares. The stock had previously closed at $118.44.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. UBS Group decreased their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $178.61.

Advanced Micro Devices Trading Up 2.5 %

The firm has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The firm’s 50 day moving average is $129.94 and its 200 day moving average is $145.32. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last ninety days. Insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMD. ProVise Management Group LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $399,000. Benjamin F. Edwards & Company Inc. increased its stake in Advanced Micro Devices by 7.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 34,780 shares of the semiconductor manufacturer’s stock valued at $5,642,000 after buying an additional 2,461 shares during the period. Callan Capital LLC increased its stake in Advanced Micro Devices by 9.7% in the 2nd quarter. Callan Capital LLC now owns 3,662 shares of the semiconductor manufacturer’s stock valued at $594,000 after buying an additional 325 shares during the period. Bridges Investment Management Inc. increased its stake in Advanced Micro Devices by 66.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 2,096 shares of the semiconductor manufacturer’s stock valued at $340,000 after buying an additional 833 shares during the period. Finally, King Luther Capital Management Corp increased its stake in Advanced Micro Devices by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 51,075 shares of the semiconductor manufacturer’s stock valued at $8,285,000 after buying an additional 969 shares during the period. Institutional investors and hedge funds 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.