Cantor Fitzgerald Reiterates Overweight Rating for Advanced Micro Devices (NASDAQ:AMD)

Cantor Fitzgerald restated their overweight rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Monday morning,Benzinga reports. Cantor Fitzgerald currently has a $180.00 price objective on the semiconductor manufacturer’s stock.

AMD has been the subject of several other research reports. TD Cowen reduced their price objective on shares of Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, April 17th. KeyCorp cut Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus dropped their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.57.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $97.35 on Monday. The company has a 50-day moving average price of $97.72 and a two-hundred day moving average price of $119.43. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $187.28. The stock has a market cap of $157.35 billion, a price-to-earnings ratio of 98.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $2,867,193,000. Toronto Dominion Bank increased its position in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after acquiring an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock valued at $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp raised its stake in shares of Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.