Weekly Research Analysts’ Ratings Updates for Advanced Micro Devices (AMD)

Advanced Micro Devices (NASDAQ: AMD) has recently received a number of price target changes and ratings updates:

  • 2/5/2018 – Advanced Micro Devices was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMD is benefiting from strong graphics processor unit (GPU) sales. AMD provided an encouraging first-quarter revenue guidance, primarily driven by robust performance of the company’s product portfolio comprising Ryzen CPU, EPYC and Radeon Vega GPUs. AMD’s release of Vega-based GPUs and increasing demand for its Polaris products in both gaming and blockchain industries were positives. Moreover, strong adoption of EPYC server processors is a growth driver. Additionally, better performance of the recently launched Radeon RX Vega family of GPUs aimed at gaming enthusiasts is anticipated to be beneficial for the company. Further, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are other positive. Notably, AMD has outperformed the industry it belongs to in the last three months. However, stiff competition from the likes of NVIDIA remains a concern.”
  • 2/5/2018 – Advanced Micro Devices was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $13.28 price target on the stock.
  • 2/1/2018 – Advanced Micro Devices was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock, up previously from $13.74.
  • 1/31/2018 – Advanced Micro Devices had its price target raised by analysts at Credit Suisse Group AG from $12.00 to $13.50. They now have a “neutral” rating on the stock.
  • 1/31/2018 – Advanced Micro Devices was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “AMD reported stellar fourth-quarter results and provided an encouraging first-quarter revenue guidance, primarily driven by robust performance of the company’s product portfolio comprising Ryzen CPU, EPYC and Radeon Vega GPUs. The company is benefiting from strong graphics processor unit (GPU) sales. AMD’s release of Vega-based GPUs and increasing demand for its Polaris products in both gaming and blockchain industries were positives. Moreover, strong adoption of EPYC server processors is a growth driver. Additionally, better performance of the recently launched Radeon RX Vega family of GPUs aimed at gaming enthusiasts is anticipated to be beneficial for the company. Further, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are other positive. Notably, AMD has outperformed the industry it belongs to in the last three months. However, stiff competition from the likes of NVIDIA remains a concern.”
  • 1/29/2018 – Advanced Micro Devices had its price target raised by analysts at MKM Partners from $13.00 to $14.50. They now have a “buy” rating on the stock.
  • 1/29/2018 – Advanced Micro Devices was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $13.12 price target on the stock.
  • 1/25/2018 – Advanced Micro Devices was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $13.47 price target on the stock.
  • 1/19/2018 – Advanced Micro Devices was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $13.85 price target on the stock.
  • 1/18/2018 – Advanced Micro Devices had its price target lowered by analysts at Susquehanna Bancshares Inc from $15.00 to $13.00. They now have a “neutral” rating on the stock.
  • 1/5/2018 – Advanced Micro Devices was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/27/2017 – Advanced Micro Devices was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/21/2017 – Advanced Micro Devices was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/18/2017 – Advanced Micro Devices was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating. They now have a $10.47 price target on the stock, up previously from $10.29.

Shares of Advanced Micro Devices, Inc. (AMD) traded up $0.37 during trading on Monday, hitting $11.68. 63,020,250 shares of the company traded hands, compared to its average volume of 64,300,000. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76. The company has a market cap of $11,270.00, a price-to-earnings ratio of 389.33, a price-to-earnings-growth ratio of 4.82 and a beta of 2.70. Advanced Micro Devices, Inc. has a 52 week low of $9.70 and a 52 week high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. Advanced Micro Devices’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.3 EPS for the current fiscal year.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 18,001 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total transaction of $204,671.37. Following the completion of the sale, the chief accounting officer now directly owns 19,078 shares in the company, valued at approximately $216,916.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Devinder Kumar sold 99,207 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $11.45, for a total transaction of $1,135,920.15. Following the sale, the chief financial officer now owns 408,333 shares of the company’s stock, valued at $4,675,412.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,394,119 shares of company stock valued at $15,639,964. 1.60% of the stock is owned by company insiders.

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.

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