Advanced Micro Devices (NASDAQ:AMD) Coverage Initiated at Evercore ISI

Evercore ISI started coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a report released on Tuesday, MarketBeat reports. The firm issued an outperform rating and a $200.00 target price on the semiconductor manufacturer’s stock.

Other analysts also recently issued reports about the stock. UBS Group boosted their price target on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Raymond James downgraded shares of Advanced Micro Devices from a strong-buy rating to an outperform rating and boosted their price target for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Citigroup boosted their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Truist Financial boosted their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a hold rating in a report on Wednesday, January 31st. Finally, Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an overweight rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $185.15.

Advanced Micro Devices Trading Up 2.0 %

Shares of NASDAQ:AMD opened at $163.46 on Tuesday. The company has a market cap of $264.17 billion, a PE ratio of 314.35, a P/E/G ratio of 2.49 and a beta of 1.64. The company’s 50-day moving average price is $180.78 and its 200 day moving average price is $148.19. Advanced Micro Devices has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the previous year, the firm earned $0.54 EPS. Advanced Micro Devices’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $290,290,831.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the completion of the sale, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. Insiders have sold a total of 324,943 shares of company stock worth $59,919,994 in the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently made changes to their positions in the company. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $231,000. Independence Bank of Kentucky lifted its holdings in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in Advanced Micro Devices by 135.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after purchasing an additional 118,090 shares during the last quarter. Gendell Jeffrey L acquired a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $3,085,000. Finally, Sara Bay Financial acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $315,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.