Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received an average recommendation of “Moderate Buy” from the twenty-nine research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $184.24.

Several research firms have commented on AMD. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Benchmark dropped their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Cantor Fitzgerald dropped their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st.

Advanced Micro Devices Trading Up 3.4 %

Advanced Micro Devices stock opened at $155.78 on Tuesday. The stock has a market cap of $251.79 billion, a P/E ratio of 229.09, a PEG ratio of 2.33 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices has a 1 year low of $89.17 and a 1 year high of $227.30. The firm’s 50 day moving average price is $175.00 and its 200-day moving average price is $152.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the firm posted $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 in the last three months. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMD. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 2,390,558 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of 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 acquiring an additional 600,638 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Advanced Micro Devices by 10.2% in 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 acquiring an additional 2,553,392 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after acquiring an additional 1,490,997 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $3,426,529,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

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.