Advanced Micro Devices (NASDAQ:AMD) had its price objective raised by JPMorgan Chase & Co. from $52.00 to $62.00 in a research note published on Wednesday morning, The Fly reports. The brokerage currently has a neutral rating on the semiconductor manufacturer’s stock.
A number of other brokerages have also issued reports on AMD. Northland Securities increased their price target on Advanced Micro Devices from $67.50 to $80.00 and gave the company an outperform rating in a research note on Wednesday. Barclays increased their price target on Advanced Micro Devices from $50.00 to $55.00 and gave the company an equal weight rating in a research note on Monday, July 20th. Loop Capital increased their price target on Advanced Micro Devices from $54.00 to $60.00 and gave the company a buy rating in a research note on Friday, May 1st. Craig Hallum lowered Advanced Micro Devices from a buy rating to a hold rating and increased their price target for the company from $60.00 to $66.00 in a research note on Wednesday. Finally, Mizuho reaffirmed a buy rating and set a $77.00 price target (up from $59.00) on shares of Advanced Micro Devices in a research note on Tuesday, July 28th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $68.97.
Shares of AMD stock opened at $77.43 on Wednesday. Advanced Micro Devices has a 12-month low of $27.43 and a 12-month high of $78.96. The firm has a market capitalization of $90.91 billion, a price-to-earnings ratio of 113.87, a price-to-earnings-growth ratio of 2.03 and a beta of 2.14. The business has a 50 day simple moving average of $56.61 and a 200 day simple moving average of $51.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.10 and a quick ratio of 1.68.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices will post 0.85 EPS for the current fiscal year.
In other news, EVP Mark D. Papermaster sold 43,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $52.90, for a total value of $2,274,700.00. Following the transaction, the executive vice president now directly owns 1,378,280 shares of the company’s stock, valued at $72,911,012. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $55.25, for a total transaction of $4,143,750.00. Following the transaction, the senior vice president now directly owns 752,100 shares in the company, valued at $41,553,525. The disclosure for this sale can be found here. Insiders sold 461,000 shares of company stock valued at $25,381,930 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AMD. Optimum Investment Advisors increased its holdings in shares of Advanced Micro Devices by 1,250.0% in the first quarter. Optimum Investment Advisors now owns 540 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Harwood Advisory Group LLC bought a new position in shares of Advanced Micro Devices during the first quarter worth $26,000. Whittier Trust Co. boosted its position in shares of Advanced Micro Devices by 58.2% during the second quarter. Whittier Trust Co. now owns 503 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Prestige Wealth Management Group LLC boosted its position in shares of Advanced Micro Devices by 202.5% during the first quarter. Prestige Wealth Management Group LLC now owns 605 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 405 shares in the last quarter. Finally, CX Institutional boosted its position in shares of Advanced Micro Devices by 102.6% during the first quarter. CX Institutional now owns 616 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 312 shares in the last quarter. 69.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: What is an Initial Public Offering (IPO)?
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.