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

According to MarketBeat, shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) has received an average rating of “Moderate Buy” from the thirty brokerages that currently cover the company. Two analysts have rated the stock with a hold rating and twenty-eight analysts have rated the stock with a buy rating. The average 12-month price target among analysts who have reported on the stock in the last year is $185.26.

Several brokerages have recently published reports on AMD. Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. TD Cowen raised their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Mizuho lowered their target price on Advanced Micro Devices from $235.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley lowered their target price on Advanced Micro Devices from $193.00 to $177.00 and gave the company an “overweight” rating in a research note on Monday, April 29. Finally, Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st.

Check out our latest report on advanced micro devices

Advanced prices for micro devices

On Friday, AMD shares closed at $166.90. Advanced Micro Devices has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company’s 50-day moving average price is $162.79 and its two-hundred-day moving average price is $159.51. The company has a market capitalization of $269.76 billion, a PE ratio of 245.44, a price-to-earnings growth ratio of 1.90 and a beta of 1.66.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last released its earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, which was $0.01 ahead of analysts’ consensus estimates of $0.61. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter was $5.47 billion, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $0.43 per share. Advanced Micro Devices’ revenue in the quarter increased 2.2% year-over-year. On average, equity analysts expect Advanced Micro Devices to post 2.62 EPS for the current year.

Advanced Micro Devices Confidential Transactions

In other news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the SEC, available at this link. In other news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13 for a total value of $24,391,250.00. Following the completion of the transaction, the CEO now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The announcement of this sale can be found here. Over the last three months, insiders sold 163,972 shares of company stock worth $31,444,628. Currently, insiders own 0.73% of the shares.

Institutional inflows and outflows

Large investors have recently increased or decreased their holdings in the stock. Norges Bank purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its exposure to shares of Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor maker’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Advanced Micro Devices by 15,896.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor maker’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares in the last quarter. Capital World Investors increased its exposure to shares of Advanced Micro Devices by 176.9% in the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor maker’s stock valued at $688,190,000 after purchasing an additional 2,982,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares in the last quarter. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Advanced Micro Devices company profile

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Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, 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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