Advanced Micro Devices (NASDAQ:AMD) Raised to Buy at HSBC

HSBC upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat reports. They currently have $225.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $180.00.

AMD has been the subject of a number of other reports. UBS Group boosted their price objective on Advanced Micro Devices from $135.00 to $220.00 and gave the company a buy rating in a research report on Thursday, January 25th. KeyCorp lifted their target price on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an overweight rating in a research report on Wednesday, January 31st. Rosenblatt Securities restated a buy rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Mizuho lifted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a buy rating in a report on Thursday, March 7th. Finally, Wedbush reiterated an outperform rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $185.59.

Advanced Micro Devices Stock Down 5.4 %

AMD opened at $146.64 on Tuesday. The company has a fifty day moving average of $179.64 and a two-hundred day moving average of $148.58. The stock has a market capitalization of $236.99 billion, a price-to-earnings ratio of 282.01, a PEG ratio of 2.35 and a beta of 1.64. Advanced Micro Devices has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. On average, research analysts expect that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 over the last three months. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after purchasing an additional 2,390,558 shares in the last quarter. State Street Corp increased its holdings in Advanced Micro Devices by 1.7% in the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock valued at $6,375,083,000 after buying an additional 1,112,077 shares during the last quarter. Fisher Asset Management LLC raised its stake in Advanced Micro Devices by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after buying an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after buying an additional 2,553,392 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after buying an additional 1,490,997 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.