Advanced Micro Devices (NASDAQ:AMD) Receives Positive Rating from Susquehanna

Susquehanna reissued their positive rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note published on Wednesday, Benzinga reports. They currently have a $200.00 price target on the semiconductor manufacturer’s stock.

AMD has been the topic of a number of other reports. Citigroup boosted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a buy rating in a research report on Monday, July 15th. Cantor Fitzgerald decreased their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an overweight rating on the stock in a report on Wednesday. Jefferies Financial Group began coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They issued a buy rating and a $190.00 target price on the stock. Roth Mkm decreased their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Finally, TD Cowen boosted their target price on shares of Advanced Micro Devices from $200.00 to $210.00 and gave the company a buy rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of Moderate Buy and an average target price of $193.45.

Advanced Micro Devices Stock Down 0.0 %

AMD opened at $132.50 on Wednesday. The company has a fifty day moving average of $160.41 and a two-hundred day moving average of $167.82. Advanced Micro Devices has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The stock has a market capitalization of $214.45 billion, a price-to-earnings ratio of 194.86, a PEG ratio of 1.79 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices will post 2.58 earnings per share for the current year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of AMD. Cherrydale Wealth Management LLC raised its position in Advanced Micro Devices by 4.7% in the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after acquiring an additional 58 shares in the last quarter. Addison Advisors LLC raised its position in Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 62 shares in the last quarter. Prentice Wealth Management LLC raised its position in Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 62 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after acquiring an additional 63 shares in the last quarter. Finally, Delta Financial Group Inc. raised its position in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through 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.