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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $184.24.

A number of equities research analysts have recently issued reports on AMD shares. UBS Group lowered their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Benchmark lowered their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley lowered their price objective on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $155.78 on Tuesday. The stock’s 50-day moving average is $175.00 and its 200-day moving average is $152.86. The company has a market cap of $251.79 billion, a price-to-earnings ratio of 229.09, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices has a 12 month low of $89.17 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.43 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 181,850 shares of company stock worth $34,637,833. 0.65% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several large investors have recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC increased its position in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Peoples Bank KS acquired a new position in shares of Advanced Micro Devices in the 3rd quarter worth $26,000. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices in the 3rd quarter worth $27,000. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth $28,000. Finally, Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth $29,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.