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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have earned a consensus recommendation of “Moderate Buy” from the thirty-seven analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and four have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $162.9355.

Several equities analysts have recently issued reports on AMD shares. UBS Group boosted their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Morgan Stanley set a $185.00 target price on Advanced Micro Devices and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. TD Cowen increased their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Citigroup raised their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Finally, Mizuho upped their price objective on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently modified their holdings of the business. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC boosted its position in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. grew its holdings in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $176.78 on Thursday. The firm has a fifty day moving average of $139.91 and a 200-day moving average of $116.83. The company has a market cap of $286.63 billion, a price-to-earnings ratio of 129.99, a price-to-earnings-growth ratio of 2.27 and a beta of 1.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices has a 1 year low of $76.48 and a 1 year high of $182.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the business posted $0.62 EPS. Advanced Micro Devices’s revenue was up 35.9% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.