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

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned a consensus rating of “Moderate Buy” from the thirty-two brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $144.90.

A number of analysts recently weighed in on AMD shares. Wells Fargo & Company cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius Research reaffirmed a “hold” rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th.

Insiders Place Their Bets

In other news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of AMD. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the fourth quarter valued at about $26,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, Kozak & Associates Inc. raised its holdings in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $85.56 on Tuesday. The stock has a market capitalization of $138.29 billion, a P/E ratio of 86.43, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $187.28. The business has a 50-day moving average price of $100.41 and a two-hundred day moving average price of $122.42.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current year.

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.