Advanced Micro Devices (NASDAQ:AMD) Trading 1.2% Higher – Should You Buy?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 1.2% during mid-day trading on Thursday . The company traded as high as $107.94 and last traded at $107.54. 8,572,433 shares were traded during mid-day trading, a decline of 80% from the average session volume of 43,793,214 shares. The stock had previously closed at $106.23.

Analyst Ratings Changes

AMD has been the topic of a number of recent analyst reports. UBS Group set a $175.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Barclays reduced their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Benchmark reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Stock Performance

The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm’s 50 day simple moving average is $110.28 and its 200 day simple moving average is $131.88. The firm has a market cap of $172.48 billion, a PE ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $26,000. Greenline Partners LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Finally, FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at about $41,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.