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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned a consensus rating of “Moderate Buy” from the thirty-two research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, eighteen have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $152.72.

AMD has been the subject of a number of analyst reports. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Barclays cut their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the stock from $175.00 to $129.00 in a research note on Friday, January 10th.

Advanced Micro Devices Stock Down 3.2 %

Shares of NASDAQ AMD opened at $106.65 on Friday. The stock has a market capitalization of $172.82 billion, a P/E ratio of 107.73, a PEG ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices has a one year low of $94.73 and a one year high of $187.28. The firm’s 50 day simple moving average is $109.75 and its two-hundred day simple moving average is $131.14.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts expect that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in AMD. Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the period. Geode Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock worth $4,224,840,000 after buying an additional 835,413 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after acquiring an additional 290,784 shares during the period. Finally, Norges Bank purchased a new stake in Advanced Micro Devices during the fourth quarter valued at $2,867,193,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.