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

Advanced Micro Devices, Inc. (NASDAQ:AMD) has received an average recommendation of “Moderate Buy” from the thirty-two research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, twenty-seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $195.00.

Several equities research analysts recently commented on the stock. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird cut their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 7th. Finally, Citigroup boosted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after acquiring an additional 116,020 shares during the period. Wesbanco Bank Inc. increased its position in Advanced Micro Devices by 15.7% in the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after acquiring an additional 21,132 shares during the period. St. Louis Financial Planners Asset Management LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $2,394,000. Sycomore Asset Management increased its position in Advanced Micro Devices by 28.6% in the 2nd quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock valued at $21,722,000 after acquiring an additional 30,677 shares during the period. Finally, Custom Index Systems LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $559,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 2.4 %

Shares of NASDAQ AMD opened at $159.92 on Tuesday. The company’s fifty day moving average is $155.15 and its 200-day moving average is $156.06. The stock has a market cap of $258.48 billion, a price-to-earnings ratio of 235.18, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices has a twelve month low of $94.07 and a twelve month high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Equities research analysts predict that Advanced Micro Devices will post 2.56 EPS for the current year.

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.