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

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twenty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $185.22.

A number of equities research analysts have recently issued reports on AMD shares. Barclays cut their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday. Roth Mkm restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $180.00 to $155.00 in a report on Monday, December 9th. Finally, HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday.

Advanced Micro Devices Trading Down 4.8 %

Shares of NASDAQ:AMD opened at $116.04 on Friday. The company has a 50 day moving average of $132.58 and a 200-day moving average of $146.64. The firm has a market cap of $188.31 billion, a P/E ratio of 104.54, a P/E/G ratio of 1.88 and a beta of 1.66. Advanced Micro Devices has a twelve month low of $114.45 and a twelve month high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. boosted its stake in shares of Advanced Micro Devices by 6.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 10,251 shares of the semiconductor manufacturer’s stock valued at $1,663,000 after purchasing an additional 620 shares during the last quarter. PFG Advisors boosted its stake in shares of Advanced Micro Devices by 4.4% in the 2nd quarter. PFG Advisors now owns 6,852 shares of the semiconductor manufacturer’s stock valued at $1,111,000 after purchasing an additional 291 shares during the last quarter. 1ST Source Bank boosted its stake in shares of Advanced Micro Devices by 4.8% in the 2nd quarter. 1ST Source Bank now owns 2,338 shares of the semiconductor manufacturer’s stock valued at $379,000 after purchasing an additional 107 shares during the last quarter. O Neil Global Advisors Inc. bought a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $10,498,000. Finally, Parallel Advisors LLC boosted its stake in shares of Advanced Micro Devices by 5.7% in the 2nd quarter. Parallel Advisors LLC now owns 22,395 shares of the semiconductor manufacturer’s stock valued at $3,633,000 after purchasing an additional 1,217 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.