Investors Buy Advanced Micro Devices (AMD) on Weakness

Investors bought shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) on weakness during trading hours on Monday. $74.40 million flowed into the stock on the tick-up and $56.91 million flowed out of the stock on the tick-down, for a money net flow of $17.49 million into the stock. Of all equities tracked, Advanced Micro Devices had the 30th highest net in-flow for the day. Advanced Micro Devices traded down ($0.08) for the day and closed at $9.53

A number of brokerages recently weighed in on AMD. Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.74 to $18.00 in a research note on Thursday, February 1st. Credit Suisse Group lifted their price objective on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. MKM Partners lifted their price objective on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Vetr cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $13.12 price objective on the stock. in a research note on Monday, January 29th. Finally, Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, January 31st. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.49.

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The company has a market capitalization of $9,313.36, a price-to-earnings ratio of 119.06, a PEG ratio of 3.91 and a beta of 2.86. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. Advanced Micro Devices’s revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.32 earnings per share for the current year.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $11.58, for a total transaction of $723,750.00. Following the transaction, the senior vice president now owns 718,772 shares of the company’s stock, valued at approximately $8,323,379.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Harry A. Wolin sold 75,046 shares of Advanced Micro Devices stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $906,555.68. Following the transaction, the senior vice president now directly owns 1,175,504 shares in the company, valued at approximately $14,200,088.32. The disclosure for this sale can be found here. Insiders sold a total of 1,158,620 shares of company stock worth $13,933,528 in the last three months. 1.80% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. NINE MASTS CAPITAL Ltd purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $102,000. Chilton Investment Co. LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $103,000. Stone Ridge Asset Management LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $104,000. Ellington Management Group LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $114,000. Finally, Cetera Investment Advisers purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $137,000. 62.15% of the stock is currently owned by institutional investors.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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