Advanced Micro Devices (NASDAQ:AMD) Receives New Coverage from Analysts at Evercore ISI

Equities research analysts at Evercore ISI assumed coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $200.00 price target on the semiconductor manufacturer’s stock. Evercore ISI’s target price would indicate a potential upside of 29.85% from the company’s current price.

AMD has been the subject of a number of other reports. Mizuho upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, April 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, January 31st. Finally, New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.15.

Advanced Micro Devices Trading Down 5.8 %

NASDAQ:AMD opened at $154.02 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a 50-day moving average of $180.44 and a 200-day moving average of $148.23. The company has a market cap of $248.92 billion, a PE ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64. Advanced Micro Devices has a one year low of $81.02 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 in the last three months. 0.65% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently made changes to their positions in AMD. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $26,000. Castleview Partners LLC grew its holdings in shares of Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $27,000. O Dell Group LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $27,000. Finally, Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.