Advanced Micro Devices (NASDAQ:AMD) Earns “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Monday, Benzinga reports. The firm currently has a $180.00 price target on the semiconductor manufacturer’s stock.

Several other analysts also recently commented on AMD. KeyCorp reduced their price objective on shares of 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. StockNews.com cut shares of Advanced Micro Devices from a hold rating to a sell rating in a report on Wednesday, July 31st. Susquehanna reiterated a positive rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wedbush restated an outperform rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Barclays cut their price target on Advanced Micro Devices from $235.00 to $180.00 and set an overweight rating on the stock in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Price Performance

AMD stock opened at $164.18 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $150.00 and its 200 day simple moving average is $157.75. Advanced Micro Devices has a 12-month low of $93.11 and a 12-month high of $227.30. The firm has a market cap of $265.37 billion, a price-to-earnings ratio of 249.54, a PEG ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices will post 2.56 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. Westwood Holdings Group Inc. lifted its position in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 23,919 shares of the semiconductor manufacturer’s stock valued at $3,526,000 after buying an additional 516 shares during the last quarter. Evercore Wealth Management LLC lifted its holdings in Advanced Micro Devices by 19.0% during the fourth quarter. Evercore Wealth Management LLC now owns 7,710 shares of the semiconductor manufacturer’s stock valued at $1,137,000 after purchasing an additional 1,233 shares during the last quarter. Regal Investment Advisors LLC boosted its position in Advanced Micro Devices by 8.5% during the fourth quarter. Regal Investment Advisors LLC now owns 8,759 shares of the semiconductor manufacturer’s stock worth $1,291,000 after purchasing an additional 685 shares during the period. Eminence Capital LP purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $104,880,000. Finally, Cresset Asset Management LLC raised its position in shares of Advanced Micro Devices by 3.9% in the fourth quarter. Cresset Asset Management LLC now owns 122,567 shares of the semiconductor manufacturer’s stock valued at $18,068,000 after purchasing an additional 4,627 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.