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

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been given an average recommendation of “Moderate Buy” by the thirty-one ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $179.68.

AMD has been the topic of several analyst reports. Mizuho dropped their target price on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday. They set a “buy” rating and a $175.00 target price for the company. UBS Group dropped their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last quarter. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Johnson Investment Counsel Inc. increased its holdings in Advanced Micro Devices by 6.4% in the second quarter. Johnson Investment Counsel Inc. now owns 10,251 shares of the semiconductor manufacturer’s stock worth $1,663,000 after buying an additional 620 shares during the last quarter. PFG Advisors raised its holdings in shares of Advanced Micro Devices by 4.4% during the 2nd quarter. PFG Advisors now owns 6,852 shares of the semiconductor manufacturer’s stock valued at $1,111,000 after purchasing an additional 291 shares in the last quarter. 1ST Source Bank boosted its holdings in Advanced Micro Devices by 4.8% in the second quarter. 1ST Source Bank now owns 2,338 shares of the semiconductor manufacturer’s stock worth $379,000 after purchasing an additional 107 shares in the last quarter. O Neil Global Advisors Inc. bought a new stake in Advanced Micro Devices in the second quarter worth $10,498,000. Finally, Parallel Advisors LLC increased its position in Advanced Micro Devices by 5.7% during the second quarter. Parallel Advisors LLC now owns 22,395 shares of the semiconductor manufacturer’s stock worth $3,633,000 after buying an additional 1,217 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 1.3 %

NASDAQ AMD opened at $118.44 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices has a one year low of $114.41 and a one year high of $227.30. The company has a 50-day simple moving average of $131.09 and a 200-day simple moving average of $145.76. The firm has a market capitalization of $192.21 billion, a PE ratio of 106.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current year.

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.