Advanced Micro Devices (AMD) Sees a Moderate Increase in Stock Price Amid Variable Analyst Ratings

On a positive trading day, Advanced Micro Devices, Inc. (AMD) experienced a slight uptick in stock price, closing at a 0.9% increase on Thursday. The trading session saw the stock reaching a peak of $169.51, eventually settling at $167.64. This activity represented a notable reduction in volume with about 21.3 million shares changing hands, which was 68% less than the usual average of 67 million shares. The previous closing price was recorded at $166.17.

Analyst Opinions on AMD

A variety of research outfits have recently shared their analyses on AMD. Benchmark adjusted their target price from $245.00 down to $200.00 yet maintained a 'buy' rating. Rosenblatt Securities continued support with a 'buy' rating, setting a target of $250.00. KeyCorp reduced their target to $230.00 from $270.00, yet sustained an 'overweight' rating. HSBC shifted their stance from 'hold' to 'buy,' revising their target from $180.00 to $225.00. On the other end, Citigroup decreased their target price to $176.00 but still recommended a 'buy'. Overall, AMD is met with a consensus of 'Moderate Buy' from analysts and an average target price of $185.26.

AMD's Financial Highlights

The semiconductor giant posted quarterly earnings with a slight beat of $0.62 EPS compared to the expected $0.61, with revenues at $5.47 billion, nearly matching projections. Year-over-year, revenue has increased by 2.2%. AMD boasts a robust market capitalization of $271.33 billion, showcasing a P/E ratio of 246.87, a PEG ratio of 1.91, and a beta value of 1.69. Their 50-day and 200-day moving averages rest around $161.33 and $161.07, respectively. AMD's liquidity is solid with a current ratio of 2.64 and a quick ratio of 1.92. Their debt-to-equity ratio stands at a minute 0.03.

Insider Trading and Institutional Investors

Recent insider trading activity saw EVP Mark D. Papermaster unloading 16,200 AMD shares at an average price of $186.73, valued at over $3 million. After this transaction, he holds more than 1.5 million shares. CEO Lisa T. Su also sold 125,000 company shares, fetching an average price of $195.13 per share. With these sales completed, she retains ownership of over 3.2 million shares. Hedge funds and institutional investors have been adjusting their positions, either increasing or decreasing their stakes, with an overall 71.34% of the stock controlled by these large players.

About AMD

Operating on a global platform, Advanced Micro Devices, Inc. offers a wide array of semiconductor products. They serve their market through segments including Data Center, Client, Gaming, and Embedded, offering products like x86 microprocessors, GPUs (both for data center and professional use), and semi-custom SoCs. AMD also provides microprocessor and SoC development services, along with technology for data processing units and field-programmable gate arrays (FPGAs).

AMD, Stock, Trading, Finance, Earnings