Advanced Micro Devices’ (AMD) “Positive” Rating Reaffirmed at Susquehanna

Susquehanna reiterated their positive rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report published on Thursday, Benzinga reports. The brokerage currently has a $200.00 price target on the semiconductor manufacturer’s stock.

A number of other research firms have also recently commented on AMD. Mizuho lowered their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities restated a buy rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an overweight rating in a research report on Thursday, July 11th. UBS Group lowered their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Finally, Cantor Fitzgerald upped their price objective on shares of Advanced Micro Devices from $170.00 to $200.00 and gave the company an overweight rating in a research report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $194.97.

Advanced Micro Devices Stock Performance

AMD stock opened at $139.99 on Thursday. The business’s fifty day moving average is $163.12 and its 200-day moving average is $168.38. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a market cap of $226.27 billion, a P/E ratio of 205.87, a price-to-earnings-growth ratio of 1.62 and a beta of 1.68. Advanced Micro Devices has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. Equities research analysts forecast that Advanced Micro Devices will post 2.6 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower View Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 2.0% during the second quarter. Tower View Wealth Management LLC now owns 9,428 shares of the semiconductor manufacturer’s stock worth $1,529,000 after buying an additional 185 shares during the last quarter. Significant Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 34.5% during the second quarter. Significant Wealth Partners LLC now owns 1,657 shares of the semiconductor manufacturer’s stock worth $269,000 after buying an additional 425 shares during the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of Advanced Micro Devices by 15.4% during the second quarter. Valley Brook Capital Group Inc. now owns 5,836 shares of the semiconductor manufacturer’s stock worth $947,000 after buying an additional 777 shares during the last quarter. Fort Pitt Capital Group LLC lifted its holdings in shares of Advanced Micro Devices by 0.4% during the second quarter. Fort Pitt Capital Group LLC now owns 811,231 shares of the semiconductor manufacturer’s stock worth $131,590,000 after purchasing an additional 3,494 shares during the period. Finally, Northeast Investment Management lifted its holdings in shares of Advanced Micro Devices by 2.4% during the second quarter. Northeast Investment Management now owns 4,976 shares of the semiconductor manufacturer’s stock worth $807,000 after purchasing an additional 115 shares during the period. Institutional investors own 71.34% of the company’s stock.

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.