Advanced Micro Devices (NASDAQ:AMD) Stock Price Down 0.4% – Here’s Why

Advanced Micro Devices, Inc. (NASDAQ:AMD) dropped 0.4% on Tuesday . The company traded as low as $101.00 and last traded at $102.35. Approximately 6,659,014 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 37,780,328 shares. The stock had previously closed at $102.74.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMD. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Mizuho dropped their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Stock Up 0.2 %

The firm has a market cap of $166.41 billion, a PE ratio of 104.00, a PEG ratio of 1.11 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company’s 50-day simple moving average is $108.21 and its two-hundred day simple moving average is $129.81.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, 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. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the fourth quarter worth $26,000. Greenline Partners LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $29,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $30,000. 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.