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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) have earned an average rating of “Moderate Buy” from the thirty-five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $97.19.

Several research analysts recently issued reports on the company. Bank of America reduced their target price on Advanced Micro Devices from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, October 7th. KeyCorp reduced their target price on Advanced Micro Devices from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 11th. Cowen dropped their price target on Advanced Micro Devices from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, October 10th. Stifel Nicolaus reiterated a “buy” rating and set a $91.00 price target on shares of Advanced Micro Devices in a research note on Monday, November 14th. Finally, Benchmark dropped their price target on Advanced Micro Devices to $95.00 in a research note on Thursday, October 13th.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 16,153 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $70.95, for a total transaction of $1,146,055.35. Following the completion of the transaction, the executive vice president now directly owns 113,875 shares in the company, valued at $8,079,431.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. SouthState Corp increased its position in Advanced Micro Devices by 234.5% in the 3rd quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 272 shares during the period. TD Capital Management LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $27,000. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in Advanced Micro Devices by 1,915.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 364 shares in the last quarter. Finally, IAG Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 189.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 458 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. 67.17% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 0.8 %

Shares of NASDAQ AMD opened at $71.59 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 2.16 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $69.47 and a two-hundred day simple moving average of $74.91. The firm has a market cap of $115.43 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 2.03 and a beta of 2.04. Advanced Micro Devices has a twelve month low of $54.57 and a twelve month high of $136.39.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last issued its earnings results on Tuesday, November 1st. The semiconductor manufacturer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.58 billion. Advanced Micro Devices had a net margin of 9.96% and a return on equity of 11.17%. During the same period last year, the firm earned $0.66 earnings per share. Analysts expect that Advanced Micro Devices will post 2.97 earnings per share for the current fiscal year.

About Advanced Micro Devices

(Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.