Advanced Micro Devices (NASDAQ:AMD) Now Covered by Analysts at Loop Capital

Loop Capital began coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $175.00 target price on the semiconductor manufacturer’s stock.

AMD has been the topic of several other reports. Evercore ISI upped their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays decreased their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Piper Sandler reissued an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.68.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $116.09 on Tuesday. Advanced Micro Devices has a one year low of $114.41 and a one year high of $227.30. The company has a market capitalization of $188.39 billion, a PE ratio of 104.59, a P/E/G ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a 50-day simple moving average of $131.60 and a two-hundred day simple moving average of $145.95.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. Research analysts expect that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Mason & Associates Inc increased its position in shares of Advanced Micro Devices by 30.7% during the fourth quarter. Mason & Associates Inc now owns 8,534 shares of the semiconductor manufacturer’s stock worth $1,031,000 after purchasing an additional 2,004 shares in the last quarter. SignalPoint Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 6.5% during the fourth quarter. SignalPoint Asset Management LLC now owns 2,329 shares of the semiconductor manufacturer’s stock worth $281,000 after buying an additional 142 shares in the last quarter. Winch Advisory Services LLC raised its position in shares of Advanced Micro Devices by 72.0% in the fourth quarter. Winch Advisory Services LLC now owns 2,377 shares of the semiconductor manufacturer’s stock valued at $287,000 after buying an additional 995 shares during the last quarter. Outlook Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 8.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,801 shares of the semiconductor manufacturer’s stock valued at $218,000 after buying an additional 146 shares during the last quarter. Finally, BluePath Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 300.6% in the fourth quarter. BluePath Capital Management LLC now owns 8,324 shares of the semiconductor manufacturer’s stock worth $977,000 after buying an additional 6,246 shares in the last quarter. Hedge funds and other 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.