Advanced Micro Devices (NASDAQ:AMD) had its price target lifted by UBS Group from $24.00 to $31.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.
Several other equities analysts also recently issued reports on the stock. Deutsche Bank downgraded shares of Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Credit Suisse Group reissued an outperform rating and set a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Morgan Stanley set a $14.00 price target on shares of Secureworks and gave the stock a hold rating in a report on Thursday, June 6th. Zacks Investment Research cut shares of Great Portland Estates from a hold rating to a sell rating in a report on Tuesday, April 16th. Finally, Mizuho increased their price target on shares of NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have assigned a buy rating to the stock. Advanced Micro Devices presently has an average rating of Buy and an average price target of $30.08.
Shares of NASDAQ AMD opened at $33.21 on Wednesday. The stock has a market capitalization of $35.76 billion, a price-to-earnings ratio of 94.89, a price-to-earnings-growth ratio of 2.00 and a beta of 3.08. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. Advanced Micro Devices has a 52-week low of $15.72 and a 52-week high of $34.30. The firm has a 50 day moving average price of $30.24.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The firm’s quarterly revenue was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, analysts predict that Advanced Micro Devices will post 0.54 EPS for the current fiscal year.
In other news, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $27.49, for a total value of $824,700.00. Following the completion of the transaction, the executive vice president now directly owns 1,329,588 shares of the company’s stock, valued at approximately $36,550,374.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total transaction of $170,340.00. Following the completion of the transaction, the senior vice president now directly owns 22,979 shares of the company’s stock, valued at $652,373.81. The disclosure for this sale can be found here. Insiders have sold a total of 1,033,066 shares of company stock worth $30,445,396 in the last ninety days. 1.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 1.8% in the 1st quarter. Tyers Asset Management LLC now owns 22,000 shares of the semiconductor manufacturer’s stock valued at $561,000 after buying an additional 384 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock worth $1,187,000 after purchasing an additional 400 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Advanced Micro Devices by 24.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,566 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 503 shares in the last quarter. Berman Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 99.4% in the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 537 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of Advanced Micro Devices by 32.3% in the first quarter. Centaurus Financial Inc. now owns 2,295 shares of the semiconductor manufacturer’s stock worth $90,000 after acquiring an additional 560 shares in the last quarter. 60.73% of the stock is owned by institutional investors and hedge funds.
About Advanced Micro Devices
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.
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