Advanced Micro Devices’ (AMD) Buy Rating Reiterated at Nomura

Nomura reissued their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note released on Monday morning, TipRanks reports. They currently have a $58.00 target price on the semiconductor manufacturer’s stock.

Several other research analysts have also recently weighed in on AMD. Summit Redstone raised shares of Advanced Micro Devices to a buy rating in a research report on Wednesday, January 29th. Craig Hallum boosted their price target on shares of Advanced Micro Devices from $33.00 to $48.00 and gave the company a hold rating in a research report on Wednesday, January 29th. They noted that the move was a valuation call. Royal Bank of Canada boosted their price objective on shares of Advanced Micro Devices from $53.00 to $63.00 and gave the company an outperform rating in a report on Tuesday, February 11th. Piper Jaffray Companies boosted their price objective on shares of Advanced Micro Devices from $35.00 to $40.00 and gave the company a neutral rating in a report on Tuesday, December 17th. Finally, Argus boosted their price objective on shares of Advanced Micro Devices to $40.00 and gave the company a buy rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Advanced Micro Devices currently has a consensus rating of Hold and an average price target of $44.46.

Shares of AMD stock opened at $44.01 on Monday. The company’s 50-day moving average price is $50.82 and its 200-day moving average price is $39.24. The company has a current ratio of 1.95, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The stock has a market cap of $51.48 billion, a price-to-earnings ratio of 146.70, a PEG ratio of 2.03 and a beta of 3.12. Advanced Micro Devices has a twelve month low of $21.03 and a twelve month high of $59.27.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 28th. The semiconductor manufacturer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Advanced Micro Devices had a net margin of 5.07% and a return on equity of 26.22%. The company’s revenue was up 49.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. As a group, equities research analysts predict that Advanced Micro Devices will post 0.94 EPS for the current year.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 75,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $51.41, for a total transaction of $3,855,750.00. Following the sale, the senior vice president now directly owns 902,100 shares in the company, valued at $46,376,961. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Darren Grasby sold 17,922 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $54.90, for a total transaction of $983,917.80. Following the sale, the senior vice president now owns 61,098 shares in the company, valued at $3,354,280.20. The disclosure for this sale can be found here. Insiders have sold 272,922 shares of company stock worth $14,202,368 over the last quarter. Insiders own 1.50% of the company’s stock.

Large investors have recently modified their holdings of the business. FinTrust Capital Advisors LLC increased its stake in Advanced Micro Devices by 177.2% during the third quarter. FinTrust Capital Advisors LLC now owns 887 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 567 shares during the period. Anderson Fisher LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $28,000. TRUE Private Wealth Advisors acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $32,000. Parkside Financial Bank & Trust grew its position in shares of Advanced Micro Devices by 47.8% during the third quarter. Parkside Financial Bank & Trust now owns 1,185 shares of the semiconductor manufacturer’s stock worth $35,000 after buying an additional 383 shares in the last quarter. Finally, Tarbox Family Office Inc. grew its position in shares of Advanced Micro Devices by 129.1% during the fourth quarter. Tarbox Family Office Inc. now owns 912 shares of the semiconductor manufacturer’s stock worth $42,000 after buying an additional 514 shares in the last quarter. Institutional investors own 66.51% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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