Advanced Micro Devices (NASDAQ:AMD) has earned an average rating of “Hold” from the thirty-six brokerages that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.04.
Several equities research analysts recently issued reports on AMD shares. Stifel Nicolaus increased their target price on shares of Advanced Micro Devices from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Argus raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.74 to $18.00 in a report on Thursday, February 1st. Vetr raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.47 target price for the company in a report on Thursday, January 25th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, January 31st. Finally, ValuEngine lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th.
Advanced Micro Devices traded up $0.18, hitting $13.00, during midday trading on Thursday, Marketbeat.com reports. The stock had a trading volume of 54,063,411 shares, compared to its average volume of 54,030,200. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 162.50, a P/E/G ratio of 4.72 and a beta of 2.84. Advanced Micro Devices has a 52-week low of $9.04 and a 52-week high of $15.65. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Advanced Micro Devices had a net margin of 3.29% and a return on equity of 41.01%. analysts predict that Advanced Micro Devices will post 0.36 EPS for the current year.
In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $11.02, for a total transaction of $688,750.00. Following the completion of the transaction, the senior vice president now directly owns 693,772 shares in the company, valued at approximately $7,645,367.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Devinder Kumar sold 140,473 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.45, for a total value of $1,748,888.85. The disclosure for this sale can be found here. Insiders have sold a total of 577,973 shares of company stock valued at $6,834,639 over the last quarter. Corporate insiders own 1.80% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of AMD. NINE MASTS CAPITAL Ltd bought a new stake in Advanced Micro Devices in the fourth quarter worth $102,000. Chilton Investment Co. LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth $103,000. Stone Ridge Asset Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth $104,000. Brighton Jones LLC bought a new stake in Advanced Micro Devices in the first quarter worth $106,000. Finally, Sandy Spring Bank lifted its position in Advanced Micro Devices by 374.2% in the first quarter. Sandy Spring Bank now owns 11,025 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,700 shares during the last quarter. Institutional investors own 62.14% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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