Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) has earned a consensus rating of “Moderate Buy” from the thirty-four analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eighteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $92.67.

Several research firms have commented on AMD. Susquehanna boosted their target price on Advanced Micro Devices from $80.00 to $88.00 and gave the company a “positive” rating in a research note on Monday, January 30th. UBS Group upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and boosted their target price for the company from $75.00 to $95.00 in a research note on Monday, November 14th. Goldman Sachs Group dropped their target price on Advanced Micro Devices from $84.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. HSBC initiated coverage on Advanced Micro Devices in a research note on Monday, October 24th. They issued a “hold” rating and a $60.00 target price on the stock. Finally, Sanford C. Bernstein cut Advanced Micro Devices from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $95.00 to $80.00 in a research note on Tuesday, January 24th.

Insider buys and sells at advanced micro devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $85.19, for a total value of $2,555,700.00. Following the transaction, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at approximately $129,228,544.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $85.19, for a total transaction of $2,555,700.00. Following the completion of the sale, the executive vice president now directly owns 1,516,945 shares in the company, valued at approximately $129,228,544.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 16,153 shares of the company’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $70.95, for a total value of $1,146,055.35. Following the sale, the executive vice president now owns 113,875 shares of the company’s stock, valued at $8,079,431.25. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s shares.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 134,531,861 shares of the semiconductor manufacturer’s stock valued at $8,523,939,000 after acquiring an additional 886,712 shares during the period. BlackRock Inc. lifted its position in shares of Advanced Micro Devices by 1.1% during the 3rd quarter. BlackRock Inc. now owns 117,687,865 shares of the semiconductor manufacturer’s stock valued at $7,456,705,000 after buying an additional 1,315,773 shares during the last quarter. State Street Corp lifted its position in shares of Advanced Micro Devices by 1.2% during the 3rd quarter. State Street Corp now owns 65,895,754 shares of the semiconductor manufacturer’s stock valued at $4,175,155,000 after buying an additional 778,040 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Advanced Micro Devices by 0.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 53,555,616 shares of the semiconductor manufacturer’s stock valued at $4,095,399,000 after buying an additional 316,285 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Advanced Micro Devices by 7.3% during the 2nd quarter. FMR LLC now owns 49,140,967 shares of the semiconductor manufacturer’s stock valued at $3,757,811,000 after buying an additional 3,358,202 shares during the last quarter. 67.17% of the share is currently owned by institutional investors.

Advanced Micro Devices trades down 2.1%

NASDAQ:AMD opened at $81.48 on Friday. Advanced Micro Devices has a fifty-two week low of $54.57 and a fifty-two week high of $127.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.36, and a quick ratio of 1.77. The stock has a market cap of $131.38 billion, a PE ratio of 92.59, a price-to-earnings-growth ratio of 5.00 and a beta of 1.99. The business’s 50-day simple moving average is $71.22 and its 200-day simple moving average is $74.59.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The semiconductor maker reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Advanced Micro Devices had a return on equity of 8.52% and a net margin of 5.59%. Advanced Micro Devices’ revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. sell-side analysts anticipate that Advanced Micro Devices will post 2.43 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile (Get Rating)

Advanced Micro Devices, Inc is engaged in the supply of semiconductor businesses. It operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. The PC and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

Featured stories

This instant news alert was generated using narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial staff prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider advanced micro devices, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes off … and Advanced Micro Devices wasn’t on the list.

While Advanced Micro Devices currently has a “Moderate Buy” rating among analysts, top-rated analysts think these five stocks are better buys.

Check out the five stocks here