Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Rating of “Moderate Buy” from Brokerages

Advanced Micro Devices, Inc. (NASDAQ:AMD) has received an average recommendation of “Moderate Buy” from the thirty ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, twenty have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $161.30.

A number of equities research analysts have commented on AMD shares. Susquehanna reduced their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday. HSBC reissued a “reduce” rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Barclays dropped their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of the stock. SRS Capital Advisors Inc. lifted its position in Advanced Micro Devices by 22.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,942 shares of the semiconductor manufacturer’s stock worth $355,000 after purchasing an additional 544 shares during the period. Firetrail Investments PTY Ltd. raised its holdings in shares of Advanced Micro Devices by 8.9% in the 4th quarter. Firetrail Investments PTY Ltd. now owns 78,544 shares of the semiconductor manufacturer’s stock worth $9,522,000 after purchasing an additional 6,413 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $368,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Finally, Bailard Inc. grew its position in Advanced Micro Devices by 3.2% in the fourth quarter. Bailard Inc. now owns 90,813 shares of the semiconductor manufacturer’s stock worth $10,969,000 after buying an additional 2,822 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $112.01 on Thursday. Advanced Micro Devices has a twelve month low of $106.50 and a twelve month high of $227.30. The firm has a market cap of $181.77 billion, a PE ratio of 100.91, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $125.02 and a 200 day moving average price of $140.59.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Sell-side analysts predict that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal 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.