Advanced Micro Devices, Inc. (NASDAQ:AMD) receives an average rating of “Moderate Buy” from brokerage houses

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) has been given a consensus rating of “Moderate Buy” by twenty-nine rating firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock as a “Hold” and twenty-six have given the company a “Buy” rating. The average twelve-month price target among brokerage firms that have updated their coverage of the stock in the past year is $194.97.

Several brokerages have recently released reports on AMD. HSBC raised their price target on shares of Advanced Micro Devices from a “hold” to a “buy” and raised their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11. DZ Bank raised their rating on shares of Advanced Micro Devices from a “hold” to a “buy” and set a price target on the stock of $190.00 in a research note on Tuesday, May 7. Evercore ISI lowered their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1. Finally, on Wednesday, May 1, UBS Group lowered their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and gave the stock a “buy” rating in a research note.

Read our latest AMD report

Buying and selling confidential information

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14. The shares were sold at an average price of $158.94, for a total transaction value of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which can be accessed at this link . In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14. The shares were sold at an average price of $158.94, for a total transaction value of $2,574,828.00. Following the completion of the sale, the Executive Vice President now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which are available at this link . Additionally, Executive Vice President Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15. The shares were sold at an average price of $184.50, for a total transaction value of $3,091,482.00. Following the sale, the Executive Vice President now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. Disclosure regarding this sale can be found here . 0.73% of the stock is currently owned by insiders.

Institutional investors evaluate advanced micro devices

Hedge funds recently changed their positions in the company. Tradewinds Capital Management LLC increased its position in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor maker’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. increased its position in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor maker’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. Valued Wealth Advisors LLC increased its position in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor maker’s stock worth $31,000 after purchasing an additional 70 shares in the last quarter. Chelsea Counsel Co. bought a new share of Advanced Micro Devices in Q1 valued at approximately $34,000. Finally, Northwest Bank & Trust Co bought a new share of Advanced Micro Devices in Q4 valued at approximately $28,000. Hedge funds and other institutional investors own 71.34% of the company’s shares.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $151.58 on Friday. The company has a current ratio of 2.64, a current ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $245.00 billion, a price-to-earnings ratio of 222.92, a PEG ratio of 1.80 and a beta of 1.68. The company’s 50 day simple moving average is $164.27 and its 200 day simple moving average is $168.05. Advanced Micro Devices has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter a year ago, the company reported $0.43 EPS. The company’s quarterly revenue increased 2.2% year-over-year. As a group, the equity research analysts expect Advanced Micro Devices to report earnings per share of $2.6 for the current fiscal year.

About Advanced Micro Devices

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Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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