Advanced Micro Devices (NASDAQ:AMD) Shares Up 2.3%

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 2.3% during trading on Friday . The stock traded as high as $109.09 and last traded at $108.99. 5,435,177 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 64,091,918 shares. The stock had previously closed at $106.59.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMD. Wolfe Research began coverage on shares of Advanced Micro Devices in a research report on Wednesday, July 19th. They issued an “outperform” rating and a $150.00 price objective for the company. BMO Capital Markets increased their price objective on Advanced Micro Devices from $110.00 to $150.00 in a research note on Wednesday, June 14th. Bank of America lifted their target price on Advanced Micro Devices from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Argus increased their price target on Advanced Micro Devices from $100.00 to $170.00 in a research report on Thursday, June 15th. Finally, Benchmark lifted their price objective on Advanced Micro Devices from $108.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.19.

Advanced Micro Devices Price Performance

The stock’s fifty day simple moving average is $111.04 and its 200-day simple moving average is $103.15. The company has a quick ratio of 1.58, a current ratio of 2.18 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Advanced Micro Devices had a positive return on equity of 5.69% and a negative net margin of 0.11%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s revenue was down 18.2% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the completion of the sale, the executive vice president now directly owns 103,663 shares in the company, valued at approximately $11,010,047.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total value of $8,369,250.00. Following the sale, the chief executive officer now owns 3,192,774 shares in the company, valued at approximately $356,281,650.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the transaction, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at $11,010,047.23. The disclosure for this sale can be found here. Insiders sold 121,643 shares of company stock valued at $13,490,584 over the last quarter. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently bought and sold shares of AMD. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Advanced Micro Devices by 336.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 168 shares in the last quarter. Castleview Partners LLC increased its stake in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Advanced Micro Devices by 50.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 228 shares during the last quarter. Tucker Asset Management LLC purchased a new position in Advanced Micro Devices in the 1st quarter valued at about $31,000. Finally, Dividend Assets Capital LLC acquired a new stake in Advanced Micro Devices in the 2nd quarter worth about $35,000. 68.43% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.