Advanced Micro Devices (NASDAQ:AMD) Shares Up 3% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 3% during mid-day trading on Monday . The company traded as high as $97.37 and last traded at $96.17. 14,934,732 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 43,360,435 shares. The stock had previously closed at $93.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMD shares. UBS Group set a $175.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Mizuho dropped their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Barclays reduced their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.76.

Advanced Micro Devices Stock Up 1.3 %

The firm has a market cap of $152.98 billion, a price-to-earnings ratio of 95.61, a PEG ratio of 1.11 and a beta of 1.89. The firm has a fifty day moving average price of $102.89 and a 200-day moving average price of $125.52. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Investment Advisors LLC boosted its position in Advanced Micro Devices by 16.3% during the 1st quarter. Capital Investment Advisors LLC now owns 14,954 shares of the semiconductor manufacturer’s stock worth $1,536,000 after purchasing an additional 2,092 shares during the period. Tilia Fiduciary Partners Inc. boosted its position in shares of Advanced Micro Devices by 9.0% in the first quarter. Tilia Fiduciary Partners Inc. now owns 20,467 shares of the semiconductor manufacturer’s stock worth $2,103,000 after buying an additional 1,687 shares during the period. Meridian Financial Partners LLC grew its stake in shares of Advanced Micro Devices by 5.5% in the first quarter. Meridian Financial Partners LLC now owns 11,990 shares of the semiconductor manufacturer’s stock valued at $1,232,000 after buying an additional 620 shares in the last quarter. Professional Advisory Services Inc. raised its holdings in shares of Advanced Micro Devices by 23.9% during the 1st quarter. Professional Advisory Services Inc. now owns 140,161 shares of the semiconductor manufacturer’s stock valued at $14,400,000 after buying an additional 27,070 shares during the period. Finally, KMG Fiduciary Partners LLC lifted its position in Advanced Micro Devices by 19.0% during the 1st quarter. KMG Fiduciary Partners LLC now owns 71,216 shares of the semiconductor manufacturer’s stock worth $7,317,000 after acquiring an additional 11,370 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.