Advanced Micro Devices (AMD) – Investment Analysts’ Weekly Ratings Changes

Advanced Micro Devices (NASDAQ: AMD) recently received a number of ratings updates from brokerages and research firms:

  • 8/19/2019 – Advanced Micro Devices is now covered by analysts at Piper Jaffray Companies. They set a “neutral” rating and a $33.00 price target on the stock.
  • 8/12/2019 – Advanced Micro Devices was given a new $36.00 price target on by analysts at Mizuho. They now have a “hold” rating on the stock.
  • 8/12/2019 – Advanced Micro Devices is now covered by analysts at Loop Capital. They set a “hold” rating and a $32.00 price target on the stock.
  • 8/11/2019 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $44.00 price target on the stock, up previously from $43.00.
  • 8/8/2019 – Advanced Micro Devices was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/1/2019 – Advanced Micro Devices is now covered by analysts at Benchmark Co.. They set a “hold” rating on the stock.
  • 8/1/2019 – Advanced Micro Devices was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/31/2019 – Advanced Micro Devices was given a new $8.00 price target on by analysts at Citigroup Inc. They now have a “sell” rating on the stock.
  • 7/31/2019 – Advanced Micro Devices was given a new $30.00 price target on by analysts at Credit Suisse Group AG. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/31/2019 – Advanced Micro Devices had its price target raised by analysts at JPMorgan Chase & Co. from $25.00 to $33.00. They now have a “neutral” rating on the stock.
  • 7/31/2019 – Advanced Micro Devices was given a new $36.00 price target on by analysts at Mizuho. They now have a “hold” rating on the stock.
  • 7/31/2019 – Advanced Micro Devices was downgraded by analysts at Wedbush from an “equal weight” rating to a “hold” rating.
  • 7/31/2019 – Advanced Micro Devices was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $33.00 price target on the stock.
  • 7/31/2019 – Advanced Micro Devices had its price target raised by analysts at Morgan Stanley from $28.00 to $30.00. They now have an “equal weight” rating on the stock.
  • 7/31/2019 – Advanced Micro Devices was given a new $43.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 7/31/2019 – Advanced Micro Devices was given a new $40.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 7/31/2019 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 7/31/2019 – Advanced Micro Devices had its price target raised by analysts at Jefferies Financial Group Inc from $34.00 to $40.00. They now have a “buy” rating on the stock.
  • 7/30/2019 – Advanced Micro Devices had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $29.00 price target on the stock, up previously from $25.00.
  • 7/24/2019 – Advanced Micro Devices had its price target raised by analysts at Wedbush from $35.00 to $39.00. They now have an “outperform” rating on the stock.
  • 7/22/2019 – Advanced Micro Devices is now covered by analysts at Atlantic Securities. They set a “neutral” rating and a $28.00 price target on the stock.
  • 7/18/2019 – Advanced Micro Devices had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $40.00 price target on the stock, up previously from $36.00.
  • 7/18/2019 – Advanced Micro Devices was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $37.00 price target on the stock, up previously from $33.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/10/2019 – Advanced Micro Devices had its price target raised by analysts at UBS Group AG from $24.00 to $31.00. They now have a “neutral” rating on the stock.
  • 7/9/2019 – Advanced Micro Devices was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/9/2019 – Advanced Micro Devices had its price target raised by analysts at Nomura from $33.00 to $37.00. They now have a “buy” rating on the stock.
  • 7/6/2019 – Advanced Micro Devices was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/2/2019 – Advanced Micro Devices was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/26/2019 – Advanced Micro Devices was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/26/2019 – Advanced Micro Devices is now covered by analysts at Wedbush. They set an “outperform” rating and a $35.00 price target on the stock.

Shares of NASDAQ:AMD traded up $0.10 on Thursday, hitting $31.80. 1,853,205 shares of the company’s stock were exchanged, compared to its average volume of 79,075,264. Advanced Micro Devices, Inc. has a 12 month low of $16.03 and a 12 month high of $35.55. The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 90.86, a price-to-earnings-growth ratio of 2.68 and a beta of 3.06. The business’s 50 day simple moving average is $32.19 and its two-hundred day simple moving average is $28.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 0.5 EPS for the current fiscal year.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the sale, the senior vice president now directly owns 22,979 shares in the company, valued at approximately $652,373.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Devinder Kumar sold 127,735 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $28.30, for a total value of $3,614,900.50. Following the completion of the sale, the chief financial officer now owns 709,990 shares of the company’s stock, valued at $20,092,717. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,878,524 shares of company stock valued at $60,911,813. 1.50% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased 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 buying an additional 4,205,071 shares during the last quarter. OppenheimerFunds Inc. grew its position in Advanced Micro Devices by 1.0% during the first quarter. OppenheimerFunds Inc. now owns 24,489,979 shares of the semiconductor manufacturer’s stock worth $624,984,000 after buying an additional 254,425 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Advanced Micro Devices by 66.9% during the first quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock worth $381,305,000 after buying an additional 5,991,132 shares in the last quarter. Geode Capital Management LLC grew its position in Advanced Micro Devices by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after buying an additional 1,651,507 shares in the last quarter. Finally, Nuveen Asset Management LLC grew 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 buying an additional 12,832,339 shares in the last quarter. Institutional investors own 62.86% of the company’s stock.

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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