Advanced Micro Devices (NASDAQ:AMD) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a sell rating to a hold rating in a report released on Tuesday morning.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Mizuho reduced their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Trading Down 1.0 %

Shares of Advanced Micro Devices stock opened at $103.51 on Tuesday. Advanced Micro Devices has a fifty-two week low of $94.73 and a fifty-two week high of $187.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $167.74 billion, a P/E ratio of 104.56, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a fifty day moving average of $111.08 and a 200 day moving average of $132.53.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, sell-side analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade 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. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $26,000. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $41,000. 71.34% of the stock is owned by hedge funds and other 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.