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

Advanced Micro Devices, Inc. (NASDAQ:AMD) has received a consensus recommendation of “Moderate Buy” from the thirty-eight analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twenty-two have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $138.74.

A number of analysts recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $132.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Citigroup reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $100.00) on shares of Advanced Micro Devices in a research report on Monday, June 9th. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Monday, June 23rd. Finally, Sanford C. Bernstein reaffirmed a “reduce” rating on shares of Advanced Micro Devices in a research report on Tuesday, July 1st.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $137.93 on Friday. The company has a market capitalization of $223.64 billion, a PE ratio of 101.42, a PEG ratio of 1.78 and a beta of 2.05. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $117.84 and its 200 day simple moving average is $111.51.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the business posted $0.62 EPS. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of the company. Seaview Investment Managers LLC boosted its position in shares of Advanced Micro Devices by 4.3% during the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer’s stock valued at $232,000 after buying an additional 93 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in shares of Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock valued at $314,000 after buying an additional 98 shares during the last quarter. Activest Wealth Management boosted its position in shares of Advanced Micro Devices by 9.4% during the first quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer’s stock valued at $117,000 after buying an additional 98 shares during the last quarter. Peterson Wealth Services boosted its position in shares of Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer’s stock valued at $375,000 after buying an additional 103 shares during the last quarter. Finally, Lifeworks Advisors LLC grew its stake in Advanced Micro Devices by 5.6% in the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock valued at $203,000 after purchasing an additional 104 shares during the period. 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.