Advanced Micro Devices (NASDAQ:AMD) Trading 2% Higher – Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price traded up 2% during trading on Monday . The company traded as high as $160.28 and last traded at $159.40. 11,837,002 shares were traded during mid-day trading, a decline of 79% from the average session volume of 56,524,133 shares. The stock had previously closed at $156.23.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMD shares. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 7th. Truist Financial dropped their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley upped their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Stock Up 2.1 %

The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $155.06 and a two-hundred day simple moving average of $156.13. The stock has a market capitalization of $257.75 billion, a P/E ratio of 233.78, a PEG ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMD. Fairfield Financial Advisors LTD boosted its position in Advanced Micro Devices by 20.7% in the 3rd quarter. Fairfield Financial Advisors LTD now owns 7,340 shares of the semiconductor manufacturer’s stock valued at $1,204,000 after buying an additional 1,260 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in Advanced Micro Devices by 15.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 10,350 shares of the semiconductor manufacturer’s stock worth $1,698,000 after purchasing an additional 1,421 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in Advanced Micro Devices by 3.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer’s stock valued at $327,000 after purchasing an additional 75 shares during the period. US Bancorp DE grew its position in shares of Advanced Micro Devices by 13.1% during the 3rd quarter. US Bancorp DE now owns 1,099,495 shares of the semiconductor manufacturer’s stock worth $180,405,000 after buying an additional 127,292 shares during the period. Finally, HM Payson & Co. lifted its holdings in Advanced Micro Devices by 22.9% in the third quarter. HM Payson & Co. now owns 4,814 shares of the semiconductor manufacturer’s stock valued at $790,000 after buying an additional 896 shares during the period. 71.34% of the stock is owned by institutional investors.

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.