Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 1.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price dropped 1.6% during trading on Monday . The company traded as low as $162.93 and last traded at $164.26. Approximately 26,236,584 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 67,383,219 shares. The stock had previously closed at $166.90.

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Citigroup lowered their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Roth Mkm cut their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley lowered their target price on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Advanced Micro Devices Trading Down 2.8 %

The firm’s fifty day moving average price is $162.79 and its two-hundred day moving average price is $160.08. 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 stock has a market cap of $262.33 billion, a P/E ratio of 241.56, a PEG ratio of 1.92 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction 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 chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold 157,400 shares of company stock worth $30,077,126 over the last ninety days. Insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Maxwell Wealth Strategies Inc. boosted its holdings in Advanced Micro Devices by 613.6% in the first quarter. Maxwell Wealth Strategies Inc. now owns 14,628 shares of the semiconductor manufacturer’s stock valued at $2,439,000 after acquiring an additional 12,578 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $91,000. Cetera Advisor Networks LLC boosted its stake in shares of Advanced Micro Devices by 13.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 582,451 shares of the semiconductor manufacturer’s stock valued at $105,127,000 after purchasing an additional 68,461 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Advanced Micro Devices by 339.3% during the first quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor manufacturer’s stock valued at $28,362,000 after buying an additional 121,366 shares during the period. Finally, Cetera Investment Advisers raised its stake in Advanced Micro Devices by 381.2% in the first quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor manufacturer’s stock worth $156,772,000 after buying an additional 688,081 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.