Advanced Micro Devices (NASDAQ:AMD) Receives Positive Rating from Susquehanna

Susquehanna reaffirmed their positive rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note issued to investors on Wednesday morning, Benzinga reports. Susquehanna currently has a $200.00 price objective on the semiconductor manufacturer’s stock.

A number of other research analysts also recently weighed in on the company. TD Cowen upped their target price on Advanced Micro Devices from $200.00 to $210.00 and gave the stock a buy rating in a report on Monday, July 15th. Benchmark cut their price target on Advanced Micro Devices from $245.00 to $200.00 and set a buy rating on the stock in a research note on Thursday, May 2nd. KeyCorp cut their price target on Advanced Micro Devices from $230.00 to $220.00 and set an overweight rating on the stock in a research note on Tuesday, July 9th. Jefferies Financial Group began coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a buy rating and a $190.00 price objective on the stock. Finally, Piper Sandler reaffirmed an overweight rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $132.50 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92. The business has a fifty day simple moving average of $160.41 and a two-hundred day simple moving average of $167.82. Advanced Micro Devices has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a market capitalization of $214.45 billion, a P/E ratio of 194.86, a P/E/G ratio of 1.79 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices will post 2.58 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors have recently added to or reduced their stakes in the stock. Cherrydale Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 4.7% in the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after purchasing an additional 58 shares in the last quarter. Addison Advisors LLC lifted its stake in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the period. Prentice Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares during the period. Finally, Delta Financial Group Inc. lifted its stake in shares of Advanced Micro Devices by 5.0% during the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.