Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) were up 0.5% during trading on Thursday . The company traded as high as $141.40 and last traded at $139.95. Approximately 8,918,038 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 55,559,637 shares. The stock had previously closed at $139.30.
A number of brokerages have recently commented on AMD. Truist Financial lowered their price target on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a research note on Wednesday, July 31st. Piper Sandler reaffirmed an "overweight" rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley lowered their price target on Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. Finally, Benchmark reaffirmed a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $192.79.
Read Our Latest Stock Analysis on AMD
The stock has a 50 day moving average price of $154.52 and a 200 day moving average price of $155.31. The stock has a market capitalization of $227.49 billion, a price-to-earnings ratio of 126.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.71. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the company earned $0.53 earnings per share. The firm's revenue was up 17.6% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.
In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of AMD. Cherrydale Wealth Management LLC increased its holdings in Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer's stock worth $212,000 after acquiring an additional 58 shares during the period. Christopher J. Hasenberg Inc increased its holdings in shares of Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock worth $97,000 after buying an additional 60 shares during the last quarter. Delta Financial Group Inc. increased its holdings in shares of Advanced Micro Devices by 5.0% in the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer's stock worth $215,000 after buying an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC increased its holdings in shares of Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer's stock worth $3,995,000 after buying an additional 65 shares during the last quarter. Finally, Wealth Effects LLC increased its holdings in shares of Advanced Micro Devices by 0.7% in the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock worth $1,545,000 after buying an additional 65 shares during the last quarter. Institutional investors own 71.34% of the company's stock.
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.
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