Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report)'s share price was up 0.9% on Thursday following insider buying activity. The company traded as high as $114.60 and last traded at $112.74. Approximately 14,033,104 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 41,317,469 shares. The stock had previously closed at $111.72.
Specifically, 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, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several research firms recently commented on AMD. Susquehanna lowered their target price on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating for the company in a research note on Wednesday, February 5th. Benchmark lowered their price objective on Advanced Micro Devices from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 target price on the stock. TD Cowen lowered their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, Mizuho dropped their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $158.70.
Check Out Our Latest Stock Analysis on AMD
The business's 50-day moving average price is $121.53 and its 200-day moving average price is $139.12. The firm has a market capitalization of $181.19 billion, a PE ratio of 112.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts expect that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning increased its holdings in shares of Advanced Micro Devices by 18.4% in the third quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer's stock valued at $66,674,000 after purchasing an additional 67,973 shares during the period. Swedbank AB grew its position in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock valued at $353,040,000 after buying an additional 17,446 shares during the last quarter. Magnus Financial Group LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at $216,000. ERn Financial LLC purchased a new position in Advanced Micro Devices during the 3rd quarter worth $247,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $373,000. Hedge funds and other 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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