Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Recommendation of “Buy” from Brokerages

Advanced Micro Devices, Inc. (NASDAQ:AMD) has earned an average recommendation of “Buy” from the thirty-six analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $96.69.

A number of brokerages have issued reports on AMD. Mizuho upped their target price on Advanced Micro Devices from $105.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. KeyCorp began coverage on Advanced Micro Devices in a report on Thursday, May 20th. They issued a “sector weight” rating for the company. Westpark Capital began coverage on Advanced Micro Devices in a report on Tuesday, May 25th. They issued a “buy” rating for the company. Susquehanna upped their target price on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, April 28th. Finally, Northland Securities upped their target price on Advanced Micro Devices from $96.00 to $116.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th.

Shares of NASDAQ:AMD traded up $0.69 during trading on Friday, reaching $90.10. 1,244,043 shares of the company traded hands, compared to its average volume of 37,955,000. The business’s 50 day moving average price is $83.76. The company has a market capitalization of $109.47 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 1.31 and a beta of 2.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.51 and a quick ratio of 1.94. Advanced Micro Devices has a 52 week low of $56.97 and a 52 week high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Advanced Micro Devices had a return on equity of 35.31% and a net margin of 25.24%. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company earned $0.18 EPS. Advanced Micro Devices’s revenue for the quarter was up 92.9% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices will post 1.91 EPS for the current fiscal year.

In related news, EVP Mark D. Papermaster sold 55,000 shares of Advanced Micro Devices stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $88.81, for a total transaction of $4,884,550.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, May 11th. The stock was sold at an average price of $75.00, for a total value of $9,375,000.00. Following the sale, the chief executive officer now owns 2,549,450 shares in the company, valued at $191,208,750. The disclosure for this sale can be found here. Insiders sold 523,070 shares of company stock worth $42,215,787 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Hartford Financial Management Inc. increased its position in Advanced Micro Devices by 250.0% in the first quarter. Hartford Financial Management Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 250 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in Advanced Micro Devices in the first quarter worth $27,000. Winch Advisory Services LLC increased its position in Advanced Micro Devices by 287.1% in the first quarter. Winch Advisory Services LLC now owns 391 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 290 shares during the last quarter. Tradition Wealth Management LLC increased its position in Advanced Micro Devices by 680.0% in the first quarter. Tradition Wealth Management LLC now owns 390 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 340 shares during the last quarter. Finally, Sittner & Nelson LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 67.57% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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