Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-two analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, twenty-eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $192.79.

Several research firms have recently issued reports on AMD. Barclays lowered their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. TD Cowen dropped their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, Edward Jones started coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating on the stock.

Advanced Micro Devices Trading Up 0.6 %

Shares of AMD stock opened at $138.35 on Friday. Advanced Micro Devices has a twelve month low of $116.37 and a twelve month high of $227.30. The stock has a market cap of $224.52 billion, a price-to-earnings ratio of 124.64, a PEG ratio of 1.93 and a beta of 1.71. The company’s 50-day moving average price is $153.67 and its 200-day moving average price is $154.58. 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 quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. As a group, equities analysts predict that Advanced Micro Devices will post 2.53 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently modified their holdings of AMD. Anchor Investment Management LLC lifted its position in shares of Advanced Micro Devices by 29.6% during the 3rd quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer’s stock worth $1,259,000 after buying an additional 1,754 shares during the last quarter. Westside Investment Management Inc. raised its stake in Advanced Micro Devices by 1.9% during the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer’s stock worth $815,000 after acquiring an additional 103 shares in the last quarter. Advisory Resource Group lifted its holdings in shares of Advanced Micro Devices by 19.3% in the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer’s stock worth $1,300,000 after acquiring an additional 1,282 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Advanced Micro Devices by 6.0% in the 3rd quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer’s stock valued at $19,179,000 after purchasing an additional 6,569 shares in the last quarter. Finally, Second Line Capital LLC grew its holdings in shares of Advanced Micro Devices by 1,111.8% during the 3rd quarter. Second Line Capital LLC now owns 17,838 shares of the semiconductor manufacturer’s stock valued at $2,927,000 after purchasing an additional 16,366 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.