Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) has received an average recommendation of “Moderate Buy” from the thirty-two research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, twenty have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $125.80.

A number of research firms recently weighed in on AMD. Barclays dropped their target price on Advanced Micro Devices from $115.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, July 11th. Cowen lowered their price objective on Advanced Micro Devices from $160.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, July 12th. KeyCorp lowered their price objective on Advanced Micro Devices from $150.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Raymond James lowered their price objective on Advanced Micro Devices from $160.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, August 3rd. Finally, BMO Capital Markets upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $100.00 to $115.00 in a research report on Thursday, July 14th.

Insider Buying and Selling

In other news, SVP Forrest Eugene Norrod sold 824 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $99.31, for a total transaction of $81,831.44. Following the completion of the transaction, the senior vice president now directly owns 276,816 shares in the company, valued at $27,490,596.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $100.02, for a total transaction of $12,502,500.00. Following the completion of the sale, the chief executive officer now owns 2,926,985 shares of the company’s stock, valued at $292,757,039.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Forrest Eugene Norrod sold 824 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $99.31, for a total transaction of $81,831.44. Following the sale, the senior vice president now directly owns 276,816 shares of the company’s stock, valued at approximately $27,490,596.96. The disclosure for this sale can be found here. Insiders have sold a total of 161,518 shares of company stock valued at $15,378,613 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Trust Co. NA lifted its position in Advanced Micro Devices by 24.7% during the first quarter. Private Trust Co. NA now owns 6,668 shares of the semiconductor manufacturer’s stock valued at $729,000 after purchasing an additional 1,320 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Advanced Micro Devices by 50.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 12,942 shares of the semiconductor manufacturer’s stock valued at $1,415,000 after purchasing an additional 4,322 shares during the period. Journey Strategic Wealth LLC raised its position in Advanced Micro Devices by 32.8% in the first quarter. Journey Strategic Wealth LLC now owns 3,396 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 839 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Advanced Micro Devices by 591.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 11,001 shares of the semiconductor manufacturer’s stock worth $1,203,000 after acquiring an additional 9,411 shares during the period. Finally, CAPROCK Group Inc. raised its position in Advanced Micro Devices by 66.5% in the first quarter. CAPROCK Group Inc. now owns 14,864 shares of the semiconductor manufacturer’s stock worth $1,625,000 after acquiring an additional 5,935 shares during the period. Institutional investors own 65.45% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $77.45 on Thursday. The business has a 50 day moving average of $89.14 and a 200 day moving average of $95.02. The company has a market capitalization of $125.03 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 0.79 and a beta of 1.97. Advanced Micro Devices has a 1-year low of $71.60 and a 1-year high of $164.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.44 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last released its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.52 billion. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, sell-side analysts predict that Advanced Micro Devices will post 3.89 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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