Advanced Micro Devices (NASDAQ:AMD) Earns Outperform Rating from Cowen

Cowen reissued their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report issued on Thursday, Briefing.com Automated Import reports. Cowen currently has a $40.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $36.00.

A number of other equities research analysts also recently commented on AMD. Mizuho increased their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. MKM Partners increased their price objective on Advanced Micro Devices to $28.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. Deutsche Bank downgraded Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. UBS Group increased their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the company a buy rating in a research report on Wednesday, July 10th. Finally, Nomura increased their price objective on Advanced Micro Devices from $33.00 to $37.00 and gave the company a buy rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $30.40.

Shares of NASDAQ:AMD opened at $32.51 on Thursday. Advanced Micro Devices has a one year low of $15.72 and a one year high of $34.86. The firm’s fifty day moving average is $31.10. The firm has a market cap of $35.16 billion, a P/E ratio of 108.37, a PEG ratio of 1.97 and a beta of 3.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.08 and a quick ratio of 1.54.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s quarterly revenue was down 22.8% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices will post 0.54 earnings per share for the current fiscal year.

In other news, insider Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.34, for a total value of $1,000,200.00. Following the transaction, the insider now directly owns 1,329,588 shares of the company’s stock, valued at $44,328,463.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 250,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total transaction of $6,687,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,511,264 shares in the company, valued at $67,176,312. The disclosure for this sale can be found here. Insiders sold 1,033,066 shares of company stock worth $30,620,896 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC purchased a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $26,000. Advisory Alpha LLC purchased a new stake in Advanced Micro Devices during the 1st quarter valued at approximately $26,000. Peddock Capital Advisors LLC grew its holdings in Advanced Micro Devices by 151.5% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 615 shares in the last quarter. Finally, Berman Capital Advisors LLC grew its holdings in Advanced Micro Devices by 99.4% during the 1st quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 537 shares in the last quarter. 60.78% of the stock is currently owned by institutional investors and hedge funds.

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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