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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned an average rating of “Moderate Buy” from the twenty-three ratings firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $134.77.

A number of brokerages have weighed in on AMD. Benchmark lifted their target price on Advanced Micro Devices from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird decreased their price objective on Advanced Micro Devices from $170.00 to $125.00 in a report on Thursday, October 5th. Wedbush dropped their target price on shares of Advanced Micro Devices from $155.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, November 1st. StockNews.com initiated coverage on shares of Advanced Micro Devices in a report on Thursday, October 5th. They issued a “sell” rating for the company. Finally, Citigroup upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their price objective for the company from $120.00 to $136.00 in a research note on Wednesday, August 2nd.

Advanced Micro Devices Stock Up 0.8 %

NASDAQ:AMD opened at $121.53 on Tuesday. Advanced Micro Devices has a twelve month low of $60.05 and a twelve month high of $132.83. The company has a market cap of $194.45 billion, a price-to-earnings ratio of 1,012.75, a price-to-earnings-growth ratio of 6.27 and a beta of 1.66. The stock has a fifty day simple moving average of $105.73 and a 200-day simple moving average of $109.56. The company has a current ratio of 2.19, a quick ratio of 1.61 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Advanced Micro Devices had a net margin of 0.94% and a return on equity of 5.61%. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices will post 1.92 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,358,721 shares of the company’s stock, valued at approximately $354,009,193.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Paul Darren Grasby sold 14,942 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the transaction, the executive vice president now owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total value of $7,905,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,358,721 shares of the company’s stock, valued at approximately $354,009,193.40. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $2,908,000. Aspire Private Capital LLC acquired a new position in shares of Advanced Micro Devices in the first quarter worth about $12,055,230,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Advanced Micro Devices by 336.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 168 shares during the period. Castleview Partners LLC raised its holdings in Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the period. Finally, Peoples Bank KS acquired a new position in Advanced Micro Devices in the 3rd quarter worth about $26,000. 68.43% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.