Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Advanced Micro Devices, Inc. (NASDAQ:AMD) has earned an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, twenty-two have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $179.68.

A number of analysts have issued reports on AMD shares. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. UBS Group dropped their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TD Cowen cut their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last three months. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. Johnson Investment Counsel Inc. increased its position in Advanced Micro Devices by 6.4% in the second quarter. Johnson Investment Counsel Inc. now owns 10,251 shares of the semiconductor manufacturer’s stock worth $1,663,000 after purchasing an additional 620 shares during the period. PFG Advisors boosted its stake in shares of Advanced Micro Devices by 4.4% in the 2nd quarter. PFG Advisors now owns 6,852 shares of the semiconductor manufacturer’s stock valued at $1,111,000 after purchasing an additional 291 shares during the last quarter. 1ST Source Bank raised its stake in shares of Advanced Micro Devices by 4.8% during the second quarter. 1ST Source Bank now owns 2,338 shares of the semiconductor manufacturer’s stock worth $379,000 after buying an additional 107 shares during the last quarter. O Neil Global Advisors Inc. acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $10,498,000. Finally, Parallel Advisors LLC boosted its stake in Advanced Micro Devices by 5.7% in the second quarter. Parallel Advisors LLC now owns 22,395 shares of the semiconductor manufacturer’s stock valued at $3,633,000 after acquiring an additional 1,217 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $118.44 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $131.09 and a 200-day simple moving average of $145.76. The stock has a market capitalization of $192.21 billion, a price-to-earnings ratio of 106.70, a PEG ratio of 1.03 and a beta of 1.66. Advanced Micro Devices has a 1-year low of $114.41 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices will post 2.54 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.