Advanced Micro Devices (NASDAQ:AMD) Upgraded by HSBC to “Buy”

HSBC upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a research note released on Tuesday morning, Marketbeat.com reports. They currently have $225.00 price objective on the semiconductor manufacturer’s stock, up from their previous price objective of $180.00.

Other analysts have also issued research reports about the stock. Northland Securities upgraded shares of Advanced Micro Devices from a market perform rating to an outperform rating and set a $195.00 target price for the company in a research note on Wednesday, January 31st. Melius upgraded shares of Advanced Micro Devices from a hold rating to a buy rating in a research report on Monday, January 8th. Evercore ISI initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday. They set an outperform rating and a $200.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a research report on Wednesday, January 31st. Finally, UBS Group upped their price target on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $185.15.

Advanced Micro Devices Stock Up 2.0 %

Shares of NASDAQ:AMD opened at $163.46 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $180.78 and a 200 day simple moving average of $148.19. The firm has a market cap of $264.17 billion, a PE ratio of 314.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. Advanced Micro Devices has a 12-month low of $81.02 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,943 shares of company stock worth $59,919,994. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in the business. Addison Advisors LLC increased its holdings in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Prentice Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC increased its holdings in Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC increased its holdings in Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

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.