Advanced Micro Devices, Inc. (NASDAQ:AMD) has been given a consensus rating of “Hold” by the thirty-one research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $36.35.
Several research analysts have weighed in on the stock. Cfra upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Credit Suisse Group upped their price objective on shares of Advanced Micro Devices from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Loop Capital upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $41.00 in a report on Wednesday, October 30th. Finally, Piper Jaffray Companies assumed coverage on shares of Advanced Micro Devices in a report on Monday, August 19th. They issued a “neutral” rating and a $33.00 target price for the company.
In related news, CEO Lisa T. Su sold 128,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $36.54, for a total transaction of $4,695,390.00. Following the completion of the transaction, the chief executive officer now owns 2,830,767 shares in the company, valued at $103,436,226.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Darla M. Smith sold 10,486 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $31.50, for a total transaction of $330,309.00. Following the transaction, the chief accounting officer now owns 29,599 shares of the company’s stock, valued at approximately $932,368.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 703,023 shares of company stock valued at $22,638,367. 1.50% of the stock is owned by company insiders.
AMD traded up $1.12 during trading on Monday, hitting $39.68. 1,956,783 shares of the company’s stock were exchanged, compared to its average volume of 56,056,360. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $32.12 and its two-hundred day moving average is $30.79. Advanced Micro Devices has a fifty-two week low of $16.03 and a fifty-two week high of $39.37. The stock has a market cap of $42.71 billion, a P/E ratio of 113.11, a PEG ratio of 3.45 and a beta of 3.07.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Advanced Micro Devices had a net margin of 3.47% and a return on equity of 16.54%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices will post 0.46 earnings per share for the current year.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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