Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have earned a consensus rating of “Moderate Buy” from the thirty-one ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $193.45.

A number of brokerages recently commented on AMD. Cantor Fitzgerald decreased their target price on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley boosted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. KeyCorp decreased their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Truist Financial decreased their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st.

Insider Transactions at Advanced Micro Devices

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

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of AMD. HWG Holdings LP bought a new stake in Advanced Micro Devices during the 2nd quarter valued at $138,000. EP Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 21.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 55,566 shares of the semiconductor manufacturer’s stock valued at $9,013,000 after acquiring an additional 9,700 shares during the period. Regal Investment Advisors LLC raised its holdings in Advanced Micro Devices by 8.4% during the 2nd quarter. Regal Investment Advisors LLC now owns 10,024 shares of the semiconductor manufacturer’s stock valued at $1,626,000 after acquiring an additional 773 shares during the period. Invst LLC raised its holdings in Advanced Micro Devices by 9.0% during the 2nd quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer’s stock valued at $251,000 after acquiring an additional 131 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in Advanced Micro Devices by 224.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 19,991 shares of the semiconductor manufacturer’s stock valued at $3,243,000 after acquiring an additional 13,822 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock opened at $155.28 on Thursday. The stock has a 50-day moving average price of $154.66 and a 200-day moving average price of $165.31. Advanced Micro Devices has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a current ratio of 2.82, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The firm has a market cap of $250.98 billion, a PE ratio of 228.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company posted $0.40 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices will post 2.58 earnings per share for the current year.

About Advanced Micro Devices

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.