Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Rating of “Moderate Buy” from Analysts

Advanced Micro Devices, Inc. (NASDAQ:AMD) has received a consensus rating of “Moderate Buy” from the thirty-two brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, eighteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $152.72.

AMD has been the subject of a number of analyst reports. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Thursday. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMD. Mascagni Wealth Management Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at $50,000. Prostatis Group LLC boosted its stake in shares of Advanced Micro Devices by 6.8% during the fourth quarter. Prostatis Group LLC now owns 3,026 shares of the semiconductor manufacturer’s stock valued at $366,000 after purchasing an additional 192 shares during the period. Fairtree Asset Management Pty Ltd purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $660,000. 111 Capital bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $808,000. Finally, NorthCrest Asset Manangement LLC lifted its holdings in Advanced Micro Devices by 2.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 151,395 shares of the semiconductor manufacturer’s stock valued at $18,287,000 after buying an additional 4,054 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $106.65 on Friday. Advanced Micro Devices has a 12-month low of $94.73 and a 12-month high of $187.28. The firm has a market capitalization of $172.82 billion, a price-to-earnings ratio of 107.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. 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 firm has a 50 day moving average of $109.75 and a 200 day moving average of $131.14.

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