Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report)’s stock price fell 9% during mid-day trading on Wednesday after Citigroup lowered their price target on the stock from $192.00 to $176.00. Citigroup currently has a buy rating on the stock. Advanced Micro Devices traded as low as $144.08 and last traded at $144.11. 36,661,192 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 71,790,758 shares. The stock had previously closed at $158.38.
A number of other analysts have also issued reports on AMD. DZ Bank restated a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Roth Mkm dropped their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial dropped their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $182.62.
Insider Buying and Selling
In related news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated 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 chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 over the last 90 days. 0.65% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Advanced Micro Devices
Institutional investors and hedge funds have recently bought and sold shares of the business. Chase Investment Counsel Corp lifted its holdings in Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after acquiring an additional 87 shares during the last quarter. Washburn Capital Management Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $231,000. Pathway Financial Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth about $229,000. Independence Bank of Kentucky boosted its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $1,759,000. 71.34% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Price Performance
The stock’s fifty day moving average price is $176.64 and its 200-day moving average price is $151.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a market cap of $233.16 billion, a price-to-earnings ratio of 277.45, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.
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.