Advanced Micro Devices’ (AMD) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $250.00 target price on the semiconductor manufacturer’s stock.

Several other research firms also recently commented on AMD. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Susquehanna decreased their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a positive rating for the company in a report on Monday, April 29th. New Street Research raised shares of Advanced Micro Devices from a neutral rating to a buy rating and set a $215.00 target price on the stock in a research report on Wednesday, January 24th. HSBC upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and increased their price objective for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, Mizuho increased their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company a buy rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $184.24.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $150.60 on Wednesday. The firm’s fifty day moving average is $175.93 and its 200 day moving average is $151.50. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52-week low of $81.11 and a 52-week high of $227.30. The company has a market cap of $243.39 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.19 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the business earned $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’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 completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 over the last 90 days. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in Advanced Micro Devices by 9.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 600,310 shares of the semiconductor manufacturer’s stock worth $61,724,000 after purchasing an additional 50,449 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Advanced Micro Devices by 16.2% during the 3rd quarter. Simon Quick Advisors LLC now owns 3,864 shares of the semiconductor manufacturer’s stock worth $397,000 after buying an additional 539 shares during the period. Capital Advisors Inc. OK lifted its position in shares of Advanced Micro Devices by 5.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 3,262 shares of the semiconductor manufacturer’s stock valued at $335,000 after buying an additional 166 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in Advanced Micro Devices by 63.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 67,210 shares of the semiconductor manufacturer’s stock valued at $6,911,000 after acquiring an additional 26,081 shares during the period. Finally, Stratos Wealth Advisors LLC raised its position in Advanced Micro Devices by 53.4% during the third quarter. Stratos Wealth Advisors LLC now owns 10,683 shares of the semiconductor manufacturer’s stock worth $1,098,000 after acquiring an additional 3,719 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.