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 rating of “Moderate Buy” from the thirty-one brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, twenty-six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $192.36.

A number of equities analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Bank of America cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Finally, Edward Jones assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock.

Advanced Micro Devices Stock Down 1.3 %

Shares of Advanced Micro Devices stock opened at $125.02 on Wednesday. Advanced Micro Devices has a 12-month low of $121.82 and a 12-month high of $227.30. The firm has a market capitalization of $202.88 billion, a PE ratio of 112.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. 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 stock’s fifty day moving average is $144.88 and its 200-day moving average is $151.35.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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 the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of AMD. B. Riley Wealth Advisors Inc. boosted its holdings in Advanced Micro Devices by 2.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 60,761 shares of the semiconductor manufacturer’s stock worth $9,937,000 after buying an additional 1,279 shares during the last quarter. DGS Capital Management LLC boosted its stake in Advanced Micro Devices by 98.7% during the 3rd quarter. DGS Capital Management LLC now owns 2,452 shares of the semiconductor manufacturer’s stock worth $402,000 after acquiring an additional 1,218 shares during the last quarter. Inspire Trust Co. N.A. grew its holdings in Advanced Micro Devices by 68.7% during the third quarter. Inspire Trust Co. N.A. now owns 33,000 shares of the semiconductor manufacturer’s stock valued at $5,415,000 after purchasing an additional 13,441 shares during the period. Synovus Financial Corp increased its stake in Advanced Micro Devices by 26.2% in the third quarter. Synovus Financial Corp now owns 33,769 shares of the semiconductor manufacturer’s stock valued at $5,541,000 after purchasing an additional 7,006 shares in the last quarter. Finally, Destination Wealth Management increased its stake in Advanced Micro Devices by 32.4% in the third quarter. Destination Wealth Management now owns 11,680 shares of the semiconductor manufacturer’s stock valued at $1,916,000 after purchasing an additional 2,855 shares in 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.