Advanced Micro Devices (NASDAQ:AMD) Upgraded by DZ Bank to Buy

DZ Bank upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a research report report published on Tuesday, MarketBeat Ratings reports. DZ Bank currently has $190.00 price target on the semiconductor manufacturer’s stock.

Several other equities research analysts have also recently issued reports on AMD. Bank of America lifted their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a buy rating in a report on Monday, January 29th. UBS Group reduced their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a buy rating on the stock in a research report on Wednesday, May 1st. Barclays increased their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an overweight rating in a research report on Monday, March 4th. KeyCorp dropped their price target on Advanced Micro Devices from $270.00 to $230.00 and set an overweight rating for the company in a research report on Wednesday, May 1st. Finally, Truist Financial decreased their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a hold rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $183.94.

Advanced Micro Devices Stock Down 0.9 %

AMD opened at $154.43 on Tuesday. The stock has a market cap of $249.61 billion, a price-to-earnings ratio of 227.11, 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 quick ratio of 1.92 and a current ratio of 2.64. The firm’s fifty day moving average is $174.53 and its 200 day moving average is $153.23. Advanced Micro Devices has a fifty-two week low of $89.17 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tradewinds Capital Management LLC lifted its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the period. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter valued at approximately $27,000. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Finally, Bare Financial Services Inc purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.