Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives $144.90 Consensus Target Price from Analysts

Advanced Micro Devices, Inc. (NASDAQ:AMD) has earned an average rating of “Moderate Buy” from the thirty-three brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, seventeen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $139.57.

Several research firms have weighed in on AMD. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. HSBC reiterated a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. TD Cowen lowered their target price on shares of Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price for the company. Finally, UBS Group lowered their target price on shares of Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, April 17th.

Advanced Micro Devices Stock Performance

AMD opened at $96.39 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average price is $98.35 and its two-hundred day moving average price is $119.75. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a market cap of $155.79 billion, a price-to-earnings ratio of 97.36, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts expect that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $65,897,000. Enzi Wealth bought a new position in Advanced Micro Devices in the fourth quarter valued at $569,000. Welch Group LLC increased its stake in Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after acquiring an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC increased its stake in Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock valued at $61,896,000 after acquiring an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock valued at $212,943,000 after acquiring an additional 289,110 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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.