Advanced Micro Devices’ (AMD) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report report published on Wednesday, Benzinga reports. The firm currently has a $200.00 target price on the semiconductor manufacturer’s stock.

Other equities research analysts also recently issued reports about the stock. Raymond James downgraded shares of Advanced Micro Devices from a strong-buy rating to an outperform rating and upped their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Mizuho upped their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a buy rating in a report on Thursday, March 7th. Wells Fargo & Company increased their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the company an overweight rating in a research report on Wednesday, January 31st. Finally, Northland Securities upgraded Advanced Micro Devices from a market perform rating to an outperform rating and set a $195.00 target price on the stock in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of Moderate Buy and an average price target of $185.59.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $146.64 on Wednesday. Advanced Micro Devices has a 12 month low of $81.02 and a 12 month high of $227.30. The firm has a market capitalization of $236.99 billion, a PE ratio of 282.01, a P/E/G ratio of 2.35 and a beta of 1.64. The company’s 50 day simple moving average is $179.64 and its 200 day simple moving average is $148.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock worth $62,580,844. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after buying an additional 2,390,558 shares during the period. State Street Corp boosted its holdings in Advanced Micro Devices by 1.7% in the 1st quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock valued at $6,375,083,000 after purchasing an additional 1,112,077 shares during the period. Fisher Asset Management LLC grew its position in Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after purchasing an additional 600,638 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after buying an additional 1,490,997 shares during the last quarter. 71.34% 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 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.