Advanced Micro Devices (NASDAQ:AMD) Shares Up 0.9% on Insider Buying Activity

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) were up 0.9% during trading on Thursday following insider buying activity. The stock traded as high as $114.60 and last traded at $112.74. Approximately 14,033,104 shares were traded during 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 the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, February 7th. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Barclays decreased their price target on shares of 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, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Two 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. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Trading Up 1.2 %

The stock’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 $183.22 billion, a PE ratio of 114.37, 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) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Capital Management Investments LLC lifted its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares during the period. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $29,000. Finally, FSA Wealth Management LLC purchased a new position in Advanced Micro Devices in the third quarter valued at about $41,000. 71.34% of the stock is currently 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.