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Advanced Micro Devices (NASDAQ:AMD) shares fall 0.5%

Advanced Micro Devices, Inc. Stock (NASDAQ:AMD – Get Free Report) fell 0.5% on Friday. The company was already trading at $151.43 and last traded at $151.60. A total of 19,628,389 shares were traded during trading, down 72% from average session volume of 69,778,820 shares. Shares previously closed at $152.39.

Analysts set new price targets

Several equity research analysts have recently commented on AMD stock. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a report on Wednesday, January 31st. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Wednesday, January 24th. Mizuho lowered their target price on Advanced Micro Devices from $235.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Bank of America raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Rosenblatt Securities maintained a “buy” rating on shares of Advanced Micro Devices and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One analyst rated the stock with a sell rating, two with a hold rating, and twenty-seven issued a buy rating. According to data from MarketBeat.com, the consensus rating for the company is “Buy” with a target price of $183.94.

See our latest analysis of AMD shares

The turnover of advanced micro devices decreased by 0.3%

The company has a debt to equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company’s 50-day moving average is $173.27 and its two-hundred-day moving average is $153.23. The company has a market capitalization of $245.55 billion, a P/E ratio of 223.49, a PEG ratio of 2.33 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the company reported earnings per share of $0.43. The company’s quarterly revenues increased by 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will report 2.63 earnings per share for the current year.

Advanced Micro Devices Confidential Transactions

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction amount of $24,391,250.00. Following the completion of the sale, the CEO now owns 3,222,230 shares of the company’s stock valued at $628,753,739.90. The transaction was disclosed in a document filed with the SEC, which can be accessed at this link. In related news, CEO Lisa T. Su sold 125,000 shares of the company’s 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 completion of the sale, the CEO now owns 3,222,230 shares of the company’s stock valued at $628,753,739.90. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction amount of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 181,850 shares of company stock worth $34,637,833. Corporate insiders own 0.65% of the company’s stock.

Hedge funds are betting on advanced micro devices

A number of hedge funds and other institutional investors have recently bought and sold AMD stock. Tradewinds Capital Management LLC increased its position in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor maker’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Finally, Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. 71.34% of the shares are in the hands of institutional investors.

About advanced micro devices

(Get the free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

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