Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned an average rating of “Hold” from the thirty-four ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.00.
A number of brokerages have commented on AMD. ValuEngine upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and issued a $44.00 price target (up previously from $43.00) on shares of Advanced Micro Devices in a research report on Sunday, August 11th. Benchmark began coverage on Advanced Micro Devices in a research note on Thursday, August 1st. They issued a “hold” rating for the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Atlantic Securities began coverage on Advanced Micro Devices in a research note on Monday, July 22nd. They issued a “neutral” rating and a $28.00 price objective for the company.
In related news, Director Nora Denzel sold 31,737 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $34.29, for a total transaction of $1,088,261.73. Following the completion of the transaction, the director now directly owns 152,899 shares of the company’s stock, valued at $5,242,906.71. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Devinder Kumar sold 127,735 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $28.30, for a total value of $3,614,900.50. Following the transaction, the chief financial officer now directly owns 709,990 shares of the company’s stock, valued at $20,092,717. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,878,524 shares of company stock valued at $60,911,813. 1.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in AMD. Nuveen Asset Management LLC boosted its stake in Advanced Micro Devices by 5,801.3% during the second quarter. Nuveen Asset Management LLC now owns 13,053,535 shares of the semiconductor manufacturer’s stock valued at $396,435,000 after buying an additional 12,832,339 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Advanced Micro Devices by 66.9% during the first quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock valued at $381,305,000 after buying an additional 5,991,132 shares during the last quarter. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 4.1% during the second quarter. Vanguard Group Inc. now owns 107,711,218 shares of the semiconductor manufacturer’s stock valued at $3,271,190,000 after buying an additional 4,205,071 shares during the last quarter. Prudential PLC boosted its stake in Advanced Micro Devices by 4,396.7% during the second quarter. Prudential PLC now owns 2,495,677 shares of the semiconductor manufacturer’s stock valued at $75,789,000 after buying an additional 2,440,177 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in Advanced Micro Devices by 613.2% during the first quarter. Frontier Capital Management Co. LLC now owns 2,658,453 shares of the semiconductor manufacturer’s stock valued at $67,844,000 after buying an additional 2,285,726 shares during the last quarter. 60.38% of the stock is owned by institutional investors.
AMD traded up $1.51 during midday trading on Friday, reaching $31.18. The company had a trading volume of 70,469,800 shares, compared to its average volume of 75,527,176. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $32.12 and a two-hundred day moving average of $28.03. The company has a market cap of $32.83 billion, a P/E ratio of 89.09, a P/E/G ratio of 2.57 and a beta of 3.06. Advanced Micro Devices has a 1 year low of $16.03 and a 1 year high of $35.55.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 earnings per share. On average, equities research analysts predict that Advanced Micro Devices will post 0.5 EPS for the current year.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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.
See Also: What is the Rule of 72?
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.