Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Rating of “Hold” from Brokerages

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.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 4.1% during the second quarter. Vanguard Group Inc. now owns 107,711,218 shares of the semiconductor manufacturer’s stock worth $3,271,190,000 after purchasing an additional 4,205,071 shares during the period. Nuveen Asset Management LLC boosted its position in Advanced Micro Devices by 5,801.3% during the second quarter. Nuveen Asset Management LLC now owns 13,053,535 shares of the semiconductor manufacturer’s stock worth $396,435,000 after purchasing an additional 12,832,339 shares during the period. Northern Trust Corp boosted its position in Advanced Micro Devices by 2.4% during the second quarter. Northern Trust Corp now owns 10,377,326 shares of the semiconductor manufacturer’s stock worth $315,158,000 after purchasing an additional 246,225 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Advanced Micro Devices by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,121,778 shares of the semiconductor manufacturer’s stock valued at $125,179,000 after acquiring an additional 139,105 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Advanced Micro Devices by 8.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,986,862 shares of the semiconductor manufacturer’s stock valued at $115,579,000 after acquiring an additional 309,242 shares during the period. Institutional investors own 63.99% of the company’s stock.

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.

Featured Article: Support Level

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.