Advanced Micro Devices (NASDAQ:AMD) Now Covered by Evercore ISI

Evercore ISI began coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a report released on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $200.00 price target on the semiconductor manufacturer’s stock. Evercore ISI’s price objective points to a potential upside of 29.85% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, January 31st. Finally, KeyCorp boosted their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Four equities 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.15.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $154.02 on Tuesday. The firm has a fifty day moving average of $180.44 and a two-hundred day moving average of $148.23. The stock has a market capitalization of $248.92 billion, a price-to-earnings ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64. Advanced Micro Devices has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, equities research analysts predict that Advanced Micro Devices will post 2.63 EPS for the current year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the completion of the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at $45,513,918.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMD. Peoples Bank KS bought a new position in shares of Advanced Micro Devices during the third quarter worth approximately $26,000. Castleview Partners LLC increased its holdings in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the period. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the third quarter worth approximately $27,000. O Dell Group LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $27,000. Finally, Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $28,000. 71.34% of the stock is owned by institutional investors.

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.