Insider Buying: Advanced Micro Devices EVP Acquires $499,616 in Stock

On February 7th, Philip Guido, the Executive Vice President (EVP) of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report), purchased 4,645 shares of the company’s stock. The shares were acquired at an average price of $107.56 each, amounting to a total investment of $499,616.20. With this latest acquisition, Guido's total shares held in the company have risen to 33,522. This holding is now valued at around $3,605,626.32, which reflects a 16.09% increase in his ownership of the stock. The details of this transaction have been disclosed in a filing with the Securities and Exchange Commission.

Advanced Micro Devices Stock Performance

On Wednesday, shares of AMD saw a slight uptick of 0.6%, increasing by $0.62 to reach $111.72. During the midday trade, the company experienced a trading volume of 25,209,917 shares, which is below its average volume of 42,335,555. The fifty-day moving average price for the stock sits at $122.17, while the 200-day moving average price is $139.31. AMD's liquidity ratios show a quick ratio of 1.78 and a current ratio of 2.62, alongside a low debt-to-equity ratio of 0.03. Over the last year, AMD has seen a low of $106.50 and a high of $227.30, boasting a market cap of $181.04 billion. Its price-to-earnings (P/E) ratio stands at 112.85, with a price-to-earnings-growth (PEG) ratio of 1.04 and a beta of 1.65.

Recent Earnings Report

Recently, on February 4th, Advanced Micro Devices reported its earnings results for the quarter. The semiconductor company announced earnings per share (EPS) of $1.07, aligning with analysts' consensus estimates. AMD's financial performance indicates a net profit margin of 6.36% and a return on equity of 7.42%. Analysts project that AMD will report an EPS of 4.11 for the upcoming year.

Analyst Ratings Overview

Advanced Micro Devices has garnered interest from several research analysts. UBS Group lowered its target price for AMD from $210.00 to $205.00 while maintaining a "buy" rating on the stock. KeyCorp has reduced its price target from $150.00 to $140.00 and has also given an "overweight" rating. The Goldman Sachs Group has downgraded AMD from "buy" to "neutral" and has cut its price target from $175.00 to $129.00. Similarly, DZ Bank has shifted AMD from a "buy" rating to a "hold" and established a price target of $120.00. Meanwhile, Cantor Fitzgerald has reaffirmed an "overweight" rating with a price objective of $180.00. According to MarketBeat data, a mix of analysts currently rates the stock as a "Moderate Buy" with an average price target of $158.70.

Institutional Shareholding Activity

Recent activity among institutional investors shows growing interest in Advanced Micro Devices. Creative Capital Management Investments LLC has increased its stake in AMD by 124.6%, now holding 155 shares valued at $25,000. Other recent transactions involved Bear Mountain Capital Inc. and Global Wealth Strategies & Associates, both adding new positions in AMD, and Halbert Hargrove Global Advisors LLC purchasing a stake valued at approximately $29,000. Currently, institutional ownership stands at 71.34% of the company's shares.

Company Overview

Advanced Micro Devices, Inc. is a global semiconductor company that specializes in various segments including Data Center, Client, Gaming, and Embedded. The company provides x86 microprocessors, graphics processing units (GPUs), and various other related technologies and products.

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