Advanced Micro Devices (AMD) Given Consensus Recommendation of “Hold” by Brokerages

Advanced Micro Devices (NASDAQ:AMD) has been assigned an average recommendation of “Hold” from the thirty-five research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.92.

Several research analysts have weighed in on the stock. Susquehanna Bancshares upgraded shares of Advanced Micro Devices from a “negative” rating to a “neutral” rating and set a $13.87 price objective on the stock in a research note on Wednesday. Vetr upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 price target on the stock in a research note on Monday, February 5th. Stifel Nicolaus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, April 4th. UBS assumed coverage on shares of Advanced Micro Devices in a research note on Wednesday, April 4th. They set a “neutral” rating and a $11.00 price target on the stock. Finally, Barclays dropped their price target on shares of Advanced Micro Devices from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, April 19th.

Advanced Micro Devices stock remained flat at $$12.82 during trading hours on Thursday. 14,626,079 shares of the company’s stock traded hands, compared to its average volume of 60,004,988. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 160.25, a PEG ratio of 4.52 and a beta of 2.84. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. Advanced Micro Devices has a 1 year low of $12.61 and a 1 year high of $12.98.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Advanced Micro Devices had a net margin of 3.29% and a return on equity of 41.01%. research analysts expect that Advanced Micro Devices will post 0.36 EPS for the current fiscal year.

In other news, CFO Devinder Kumar sold 140,473 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.45, for a total value of $1,748,888.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James Robert Anderson sold 125,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $11.92, for a total transaction of $1,490,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 577,973 shares of company stock valued at $6,834,639. Insiders own 1.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Advanced Micro Devices by 509.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,000 shares of the semiconductor manufacturer’s stock worth $833,000 after purchasing an additional 67,700 shares in the last quarter. National Pension Service increased its position in shares of Advanced Micro Devices by 7.5% during the 4th quarter. National Pension Service now owns 991,466 shares of the semiconductor manufacturer’s stock worth $10,192,000 after purchasing an additional 69,000 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Advanced Micro Devices by 32.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 631,346 shares of the semiconductor manufacturer’s stock worth $6,490,000 after purchasing an additional 154,756 shares in the last quarter. Capital Investment Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $491,000. Finally, Schwab Charles Investment Management Inc. increased its position in Advanced Micro Devices by 5.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,653,790 shares of the semiconductor manufacturer’s stock valued at $37,561,000 after acquiring an additional 192,638 shares in the last quarter. Institutional investors own 62.14% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply