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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned an average recommendation of “Moderate Buy” from the thirty research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $185.59.

A number of research analysts have recently weighed in on AMD shares. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Morgan Stanley lifted their price target on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st.

Insiders Place Their Bets

In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. O Dell Group LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Bare Financial Services Inc purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Finally, Gables Capital Management Inc. purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 0.7 %

Shares of Advanced Micro Devices stock opened at $155.08 on Friday. The firm has a market cap of $250.63 billion, a price-to-earnings ratio of 298.24, a PEG ratio of 2.49 and a beta of 1.64. The business has a 50-day moving average price of $180.16 and a 200-day moving average price of $148.28. 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 has a twelve month low of $81.02 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Equities research analysts anticipate that Advanced Micro Devices will post 2.63 EPS for the current fiscal 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.