By otakuyassine3@gmail.com 
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the thirty-one research firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $191.96.
A number of analysts have weighed in on the company. UBS Group decreased their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. TD Cowen decreased their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Barclays cut their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th.
Read Our Latest Stock Analysis on Advanced Micro Devices
Advanced Micro Devices Price Performance
AMD stock opened at $126.29 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $204.94 billion, a P/E ratio of 113.77, a PEG ratio of 1.88 and a beta of 1.66. The business has a 50 day simple moving average of $141.19 and a 200-day simple moving average of $150.13. Advanced Micro Devices has a twelve month low of $117.90 and a twelve month high of $227.30.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm posted $0.53 EPS. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices will post 2.54 EPS for the current year.
Insider Activity
In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last 90 days. 0.65% of the stock is currently owned by insiders.
Institutional Trading of Advanced Micro Devices
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. increased its holdings in Advanced Micro Devices by 327.3% in 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 in the last quarter. Summit Global Investments raised its holdings in shares of Advanced Micro Devices by 22.6% during the 2nd 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 during the period. Vicus Capital lifted its position in Advanced Micro Devices by 53.3% during the 2nd quarter. Vicus Capital now owns 3,751 shares of the semiconductor manufacturer’s stock worth $608,000 after acquiring an additional 1,304 shares in the last quarter. Busey Bank boosted its holdings 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 during the period. Finally, Harbour Trust & Investment Management Co grew its position in Advanced Micro Devices by 5.3% in the second quarter. Harbour Trust & Investment Management Co now owns 2,730 shares of the semiconductor manufacturer’s stock valued at $443,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
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.
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