Advanced Micro Devices (NASDAQ:AMD) Stock Rating Reaffirmed by Bank of America

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “buy” rating reaffirmed by stock analysts at Bank of America in a report issued on Thursday, Benzinga reports. They presently have a $180.00 price objective on the semiconductor manufacturer’s stock. Bank of America‘s target price would indicate a potential upside of 10.73% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Citigroup boosted their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Barclays dropped their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Stock Up 1.7 %

Shares of NASDAQ AMD traded up $2.78 during midday trading on Thursday, hitting $162.56. The company’s stock had a trading volume of 22,635,482 shares, compared to its average volume of 58,447,375. The business’s fifty day simple moving average is $147.05 and its two-hundred day simple moving average is $158.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices has a 1 year low of $93.11 and a 1 year high of $227.30. The firm has a market capitalization of $262.75 billion, a price-to-earnings ratio of 239.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, equities analysts predict that Advanced Micro Devices will post 2.56 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Morton Brown Family Wealth LLC boosted its position in Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the period. Fairway Wealth LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter worth about $27,000. Northwest Bank & Trust Co acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $28,000. Finally, Semmax Financial Advisors Inc. boosted its position in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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.