Robert W. Baird reissued their hold rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note published on Friday morning. They currently have a $25.00 target price on the semiconductor manufacturer’s stock.
Several other equities research analysts also recently issued reports on AMD. KeyCorp began coverage on Advanced Micro Devices in a report on Tuesday, September 25th. They set a sector weight rating for the company. Mizuho upped their price target on Advanced Micro Devices from $20.00 to $36.00 and gave the stock a buy rating in a report on Tuesday, September 18th. FBN Securities began coverage on Advanced Micro Devices in a report on Thursday, September 13th. They set an outperform rating for the company. Northland Securities downgraded Advanced Micro Devices from an outperform rating to a market perform rating and set a $30.00 price target for the company. in a report on Thursday, September 27th. Finally, Morgan Stanley reiterated an underweight rating and set a $28.00 price target (up previously from $11.00) on shares of Advanced Micro Devices in a report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices presently has an average rating of Hold and a consensus price target of $23.52.
NASDAQ AMD opened at $20.23 on Friday. The company has a market cap of $20.22 billion, a PE ratio of 252.88, a PEG ratio of 4.16 and a beta of 3.64. Advanced Micro Devices has a 52 week low of $9.04 and a 52 week high of $34.14. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.04.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices will post 0.35 earnings per share for the current fiscal year.
In other news, CFO Devinder Kumar sold 113,519 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total transaction of $2,198,863.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark D. Papermaster sold 50,000 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $26.17, for a total value of $1,308,500.00. Following the transaction, the insider now directly owns 1,262,198 shares in the company, valued at approximately $33,031,721.66. The disclosure for this sale can be found here. Insiders have sold a total of 2,815,400 shares of company stock worth $61,026,371 in the last ninety days. Insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in Advanced Micro Devices by 541.5% during the 2nd quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock worth $111,336,000 after purchasing an additional 6,269,500 shares in the last quarter. Swedbank purchased a new stake in Advanced Micro Devices during the 3rd quarter worth about $152,865,000. First Trust Advisors LP lifted its holdings in Advanced Micro Devices by 1,047.7% during the 3rd quarter. First Trust Advisors LP now owns 3,967,231 shares of the semiconductor manufacturer’s stock worth $122,548,000 after purchasing an additional 3,621,560 shares in the last quarter. American Century Companies Inc. lifted its holdings in Advanced Micro Devices by 275.0% during the 3rd quarter. American Century Companies Inc. now owns 4,256,231 shares of the semiconductor manufacturer’s stock worth $131,475,000 after purchasing an additional 3,121,246 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in Advanced Micro Devices by 84.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock worth $101,473,000 after purchasing an additional 3,105,441 shares in the last quarter. 66.62% of the stock is currently owned by hedge funds and other institutional investors.
About Advanced Micro Devices
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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