Advanced Micro Devices (NASDAQ:AMD) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Tuesday, The Fly reports.
Other analysts also recently issued reports about the company. Wells Fargo & Co upped their price objective on Advanced Micro Devices from $20.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. FBN Securities began coverage on Advanced Micro Devices in a research report on Thursday, September 13th. They issued an “outperform” rating on the stock. TheStreet downgraded Advanced Micro Devices from a “b-” rating to a “c” rating in a research report on Friday. BMO Capital Markets restated a “hold” rating and issued a $14.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices to $15.50 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Advanced Micro Devices presently has a consensus rating of “Hold” and an average target price of $23.48.
AMD opened at $25.03 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.26 and a debt-to-equity ratio of 1.33. The firm has a market cap of $23.07 billion, a price-to-earnings ratio of 312.88, a PEG ratio of 4.45 and a beta of 3.10. Advanced Micro Devices has a one year low of $9.04 and a one year high of $34.14.
Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. Advanced Micro Devices’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices will post 0.38 earnings per share for the current year.
In other Advanced Micro Devices news, SVP James Robert Anderson sold 22,687 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $19.14, for a total transaction of $434,229.18. Following the completion of the sale, the senior vice president now directly owns 355,577 shares in the company, valued at $6,805,743.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Devinder Kumar sold 113,519 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total value of $2,198,863.03. The disclosure for this sale can be found here. Insiders have sold 24,802,900 shares of company stock valued at $486,187,496 over the last 90 days. 1.80% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. First Quadrant L P CA purchased a new position in Advanced Micro Devices in the third quarter valued at about $438,000. WESPAC Advisors SoCal LLC purchased a new position in Advanced Micro Devices in the third quarter valued at about $189,000. IFM Investors Pty Ltd boosted its holdings in Advanced Micro Devices by 17.9% in the third quarter. IFM Investors Pty Ltd now owns 48,496 shares of the semiconductor manufacturer’s stock valued at $1,498,000 after purchasing an additional 7,357 shares during the last quarter. Strs Ohio boosted its holdings in Advanced Micro Devices by 63.7% in the third quarter. Strs Ohio now owns 17,174 shares of the semiconductor manufacturer’s stock valued at $530,000 after purchasing an additional 6,680 shares during the last quarter. Finally, Billeaud Capital Management Inc. purchased a new position in Advanced Micro Devices in the third quarter valued at about $371,000. 66.15% of the stock is owned by institutional investors.
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.
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