Advanced Micro Devices, Inc. (AMD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been given an average rating of “Hold” by the thirty-three research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $14.86.

A number of research analysts have commented on the company. Vetr upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 price objective on the stock in a research note on Monday. Credit Suisse Group boosted their price objective on Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Jefferies Group reaffirmed a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a report on Friday, November 10th. BidaskClub lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 18th.

In other news, SVP Forrest Eugene Norrod sold 25,701 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $11.21, for a total value of $288,108.21. Following the transaction, the senior vice president now directly owns 729,971 shares of the company’s stock, valued at $8,182,974.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Devinder Kumar sold 99,207 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $11.45, for a total transaction of $1,135,920.15. Following the completion of the transaction, the chief financial officer now directly owns 408,333 shares in the company, valued at $4,675,412.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,319,820 shares of company stock worth $14,771,072. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its holdings in Advanced Micro Devices by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock valued at $259,000 after acquiring an additional 60 shares during the period. Nordea Investment Management AB grew its stake in Advanced Micro Devices by 4.6% during the 2nd quarter. Nordea Investment Management AB now owns 32,480 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 1,438 shares during the last quarter. HighTower Advisors LLC grew its stake in Advanced Micro Devices by 4.7% during the 2nd quarter. HighTower Advisors LLC now owns 41,126 shares of the semiconductor manufacturer’s stock worth $512,000 after buying an additional 1,856 shares during the last quarter. Pacer Advisors Inc. grew its stake in Advanced Micro Devices by 25.6% during the 3rd quarter. Pacer Advisors Inc. now owns 22,036 shares of the semiconductor manufacturer’s stock worth $281,000 after buying an additional 4,488 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in Advanced Micro Devices by 3.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 138,151 shares of the semiconductor manufacturer’s stock worth $1,760,000 after acquiring an additional 5,148 shares during the period. 60.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Advanced Micro Devices (AMD) traded down $0.22 during trading on Tuesday, reaching $11.35. The company had a trading volume of 43,459,260 shares, compared to its average volume of 58,670,000. The firm has a market capitalization of $11,060.00, a PE ratio of 378.33, a P/E/G ratio of 5.31 and a beta of 2.70. Advanced Micro Devices has a 52-week low of $9.70 and a 52-week high of $15.65. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. analysts predict that Advanced Micro Devices will post 0.3 EPS for the current fiscal year.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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