Advanced Micro Devices (AMD) Sets New 1-Year High and Low at $16.79

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares hit a new 52-week high and low on Thursday . The company traded as low as $16.79 and last traded at $16.69, with a volume of 3046627 shares trading hands. The stock had previously closed at $16.54.

AMD has been the topic of a number of research reports. Vetr lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.77 price objective on the stock. in a report on Tuesday, February 27th. Stifel Nicolaus raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, April 4th. Bank of America cut their price objective on Advanced Micro Devices from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, April 20th. ValuEngine raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, BidaskClub raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.07.

The stock has a market capitalization of $15.25 billion, a PE ratio of 203.00, a P/E/G ratio of 5.64 and a beta of 2.80. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.62 and a quick ratio of 1.20.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Advanced Micro Devices had a return on equity of 41.01% and a net margin of 3.29%. analysts expect that Advanced Micro Devices, Inc. will post 0.36 earnings per share for the current fiscal year.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $11.02, for a total value of $688,750.00. Following the transaction, the senior vice president now owns 693,772 shares in the company, valued at $7,645,367.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $15.38, for a total value of $4,614,000.00. The disclosure for this sale can be found here. Insiders have sold 735,812 shares of company stock worth $10,557,514 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its position in shares of Advanced Micro Devices by 36.1% in the first quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock valued at $301,930,000 after acquiring an additional 7,966,623 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Advanced Micro Devices by 23.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock valued at $125,891,000 after acquiring an additional 2,295,080 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 9,486,698 shares of the semiconductor manufacturer’s stock valued at $97,337,000 after acquiring an additional 386,063 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Advanced Micro Devices by 40.4% in the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock valued at $93,983,000 after acquiring an additional 2,629,584 shares in the last quarter. Finally, CI Investments Inc. lifted its position in shares of Advanced Micro Devices by 1.4% in the first quarter. CI Investments Inc. now owns 8,715,076 shares of the semiconductor manufacturer’s stock valued at $87,587,000 after acquiring an additional 121,900 shares in the last quarter. Institutional investors and hedge funds own 63.70% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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