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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Free Report) have been given an average rating of “Moderate Buy” by the forty-two ratings firms that are covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold recommendation, twenty-eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $277.0571.

Several research analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and set a $260.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. The Goldman Sachs Group boosted their target price on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Seaport Res Ptn cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Bank of America restated a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, Cantor Fitzgerald set a $300.00 price objective on Advanced Micro Devices in a report on Tuesday, December 16th.

View Our Latest Report on Advanced Micro Devices

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the transaction, the chief executive officer owned 3,277,476 shares of the company’s stock, valued at $705,116,186.64. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 181,226 shares of company stock valued at $39,877,820. 0.06% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in AMD. Sherman Porfolios LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth $1,053,000. AIA Group Ltd grew its position in shares of Advanced Micro Devices by 52.7% in the 3rd quarter. AIA Group Ltd now owns 19,309 shares of the semiconductor manufacturer’s stock valued at $3,124,000 after buying an additional 6,661 shares during the last quarter. Keel Point LLC raised its stake in Advanced Micro Devices by 2.9% during the 3rd quarter. Keel Point LLC now owns 6,317 shares of the semiconductor manufacturer’s stock worth $1,022,000 after acquiring an additional 179 shares in the last quarter. Garde Capital Inc. lifted its position in Advanced Micro Devices by 44.8% in the third quarter. Garde Capital Inc. now owns 1,310 shares of the semiconductor manufacturer’s stock valued at $212,000 after acquiring an additional 405 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $243,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.0%

AMD opened at $214.99 on Friday. The firm has a market capitalization of $350.01 billion, a price-to-earnings ratio of 106.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93. The company’s 50 day simple moving average is $228.40 and its two-hundred day simple moving average is $186.14. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. Analysts expect that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

More Advanced Micro Devices News

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Advanced Micro Devices Company Profile

(Get Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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