Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been given a consensus recommendation of “Moderate Buy” by the thirty-one brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $191.96.

Several equities analysts have recently commented on the stock. TD Cowen reduced their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley decreased their target price on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its stake in Advanced Micro Devices by 327.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,251 shares of the semiconductor manufacturer’s stock valued at $1,014,000 after purchasing an additional 4,788 shares during the period. Summit Global Investments grew its holdings in shares of Advanced Micro Devices by 22.6% during the second quarter. Summit Global Investments now owns 2,554 shares of the semiconductor manufacturer’s stock valued at $414,000 after buying an additional 470 shares in the last quarter. Vicus Capital raised its position in Advanced Micro Devices by 53.3% during the second quarter. Vicus Capital now owns 3,751 shares of the semiconductor manufacturer’s stock valued at $608,000 after buying an additional 1,304 shares during the period. Busey Bank lifted its stake in Advanced Micro Devices by 4.8% in the 2nd quarter. Busey Bank now owns 3,961 shares of the semiconductor manufacturer’s stock worth $643,000 after acquiring an additional 181 shares in the last quarter. Finally, Harbour Trust & Investment Management Co boosted its position in Advanced Micro Devices by 5.3% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 2,730 shares of the semiconductor manufacturer’s stock worth $443,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.4 %

NASDAQ:AMD opened at $126.29 on Wednesday. Advanced Micro Devices has a one year low of $117.90 and a one year high of $227.30. The business’s 50-day simple moving average is $141.19 and its 200 day simple moving average is $150.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market cap of $204.94 billion, a price-to-earnings ratio of 113.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. As a group, sell-side analysts predict that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. 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, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.