Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Average Rating of “Hold” by Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been assigned an average recommendation of “Hold” from the thirty-four brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.00.

A number of analysts have recently issued reports on AMD shares. BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. Loop Capital started coverage on Advanced Micro Devices in a research report on Monday, August 12th. They set a “hold” rating and a $32.00 price target for the company. Wells Fargo & Co reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Citigroup set a $8.00 price target on Advanced Micro Devices and gave the company a “sell” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $44.00 price target (up previously from $43.00) on shares of Advanced Micro Devices in a research report on Sunday, August 11th.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 429,497 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.53, for a total value of $14,401,034.41. Following the transaction, the chief executive officer now directly owns 3,231,764 shares of the company’s stock, valued at approximately $108,361,046.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Darla M. Smith sold 8,388 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.53, for a total value of $281,249.64. Following the completion of the transaction, the chief accounting officer now directly owns 35,918 shares in the company, valued at $1,204,330.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,878,524 shares of company stock worth $60,911,813. 1.50% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. G&S Capital LLC purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $78,000. Oregon Public Employees Retirement Fund increased its stake in shares of Advanced Micro Devices by 30.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 259,473 shares of the semiconductor manufacturer’s stock valued at $7,880,000 after buying an additional 60,448 shares during the period. Altman Advisors Inc. increased its stake in shares of Advanced Micro Devices by 112.7% during the second quarter. Altman Advisors Inc. now owns 48,821 shares of the semiconductor manufacturer’s stock valued at $1,483,000 after buying an additional 25,863 shares during the period. Perkins Capital Management Inc. increased its stake in shares of Advanced Micro Devices by 7.0% during the first quarter. Perkins Capital Management Inc. now owns 15,250 shares of the semiconductor manufacturer’s stock valued at $389,000 after buying an additional 1,000 shares during the period. Finally, Nepsis Inc. purchased a new position in shares of Advanced Micro Devices during the first quarter valued at approximately $7,182,000. 60.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMD traded up $1.51 during trading hours on Friday, reaching $31.18. 70,469,800 shares of the company’s stock traded hands, compared to its average volume of 75,527,176. The stock has a market cap of $32.83 billion, a PE ratio of 89.09, a price-to-earnings-growth ratio of 2.57 and a beta of 3.06. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. The firm’s 50 day simple moving average is $32.12 and its 200-day simple moving average is $28.03. Advanced Micro Devices has a 12 month low of $16.03 and a 12 month high of $35.55.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. As a group, analysts expect that Advanced Micro Devices will post 0.5 earnings per share for the current fiscal year.

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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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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