Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned an average rating of “Hold” from the thirty-four research firms that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.68.
Several analysts have recently issued reports on AMD shares. BidaskClub downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Macquarie upgraded Advanced Micro Devices from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $10.29 to $10.47 in a research note on Monday, December 18th. Susquehanna Bancshares decreased their price target on Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. Vetr downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 target price for the company. in a research note on Friday, January 19th. Finally, MKM Partners increased their target price on Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research note on Monday, January 29th.
NASDAQ AMD traded down $0.52 on Wednesday, reaching $9.54. The stock had a trading volume of 37,480,086 shares, compared to its average volume of 63,652,598. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. Advanced Micro Devices has a 1 year low of $9.60 and a 1 year high of $15.65. The company has a market capitalization of $9,739.77, a P/E ratio of 119.19, a price-to-earnings-growth ratio of 4.34 and a beta of 2.86.
Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. equities analysts anticipate that Advanced Micro Devices will post 0.3 EPS for the current year.
In other Advanced Micro Devices news, CFO Devinder Kumar sold 67,976 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $13.43, for a total value of $912,917.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark D. Papermaster sold 173,630 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $2,097,450.40. Following the completion of the transaction, the insider now owns 1,331,579 shares in the company, valued at $16,085,474.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,221,120 shares of company stock worth $14,659,153. 1.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors raised its stake in Advanced Micro Devices by 9.7% during the 3rd quarter. Nationwide Fund Advisors now owns 639,029 shares of the semiconductor manufacturer’s stock worth $8,148,000 after buying an additional 56,694 shares during the period. Principal Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,155,467 shares of the semiconductor manufacturer’s stock valued at $14,732,000 after purchasing an additional 6,839 shares during the period. New York State Common Retirement Fund raised its stake in shares of Advanced Micro Devices by 1.4% in the 3rd quarter. New York State Common Retirement Fund now owns 1,937,281 shares of the semiconductor manufacturer’s stock valued at $24,700,000 after purchasing an additional 27,000 shares during the period. Macquarie Group Ltd. raised its stake in shares of Advanced Micro Devices by 653.5% in the 3rd quarter. Macquarie Group Ltd. now owns 155,217 shares of the semiconductor manufacturer’s stock valued at $1,978,000 after purchasing an additional 134,617 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Advanced Micro Devices by 25.6% in the 3rd quarter. Pacer Advisors Inc. now owns 22,036 shares of the semiconductor manufacturer’s stock valued at $281,000 after purchasing an additional 4,488 shares during the period. Hedge funds and other institutional investors own 62.15% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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