Advanced Micro Devices (NASDAQ:AMD) Rating Increased to Strong-Buy at Loop Capital

Loop Capital upgraded shares of Advanced Micro Devices (NASDAQ:AMD) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on AMD. Citigroup reduced their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, HSBC reiterated a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $179.68.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $119.96 on Monday. The stock has a market cap of $194.67 billion, a price-to-earnings ratio of 108.07, a P/E/G ratio of 1.88 and a beta of 1.66. The stock’s 50-day moving average is $131.60 and its 200 day moving average is $145.95. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 1-year low of $114.41 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently modified their holdings of the business. Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of Advanced Micro Devices by 16.7% during the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 3,197 shares of the semiconductor manufacturer’s stock valued at $386,000 after acquiring an additional 457 shares during the last quarter. BNC Wealth Management LLC boosted its holdings in Advanced Micro Devices by 7.5% in the fourth quarter. BNC Wealth Management LLC now owns 48,308 shares of the semiconductor manufacturer’s stock worth $5,835,000 after purchasing an additional 3,352 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its position in Advanced Micro Devices by 42.9% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 10,034 shares of the semiconductor manufacturer’s stock worth $1,212,000 after purchasing an additional 3,014 shares during the period. Bowman & Co S.C. raised its stake in Advanced Micro Devices by 4.3% during the 4th quarter. Bowman & Co S.C. now owns 9,498 shares of the semiconductor manufacturer’s stock valued at $1,147,000 after buying an additional 389 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 6.7% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 3,218 shares of the semiconductor manufacturer’s stock valued at $389,000 after buying an additional 202 shares during the period. 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.