Vetr Lowers Advanced Micro Devices (AMD) to Buy

Advanced Micro Devices (NASDAQ:AMD) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday. They presently have a $13.61 target price on the semiconductor manufacturer’s stock. Vetr‘s target price points to a potential upside of 11.56% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. BidaskClub lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Susquehanna Bancshares decreased their price objective on shares of Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th. Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.74 to $18.00 in a report on Thursday, February 1st. Finally, Jefferies Group restated a “buy” rating and issued a $19.00 price objective on shares of Advanced Micro Devices in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.88.

Advanced Micro Devices (AMD) traded up $0.42 during trading on Wednesday, hitting $12.20. 51,529,646 shares of the stock traded hands, compared to its average volume of 66,020,000. Advanced Micro Devices has a twelve month low of $9.70 and a twelve month high of $15.65. 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 stock has a market cap of $11,770.00, a PE ratio of 406.67, a price-to-earnings-growth ratio of 4.98 and a beta of 2.70.

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

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $11.58, for a total value of $723,750.00. Following the sale, the senior vice president now directly owns 718,772 shares in the company, valued at approximately $8,323,379.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark D. Papermaster sold 100,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $11.57, for a total transaction of $1,157,000.00. Following the completion of the sale, the insider now owns 1,057,949 shares in the company, valued at $12,240,469.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,456,619 shares of company stock worth $16,363,714. 1.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $102,000. Chilton Investment Co. LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $103,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $104,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares in the last quarter. Finally, Ellington Management Group LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $114,000. Institutional investors and hedge funds own 60.94% of the company’s stock.

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About Advanced Micro Devices

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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