Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) have earned an average rating of "Moderate Buy" from the thirty-three analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, seventeen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $140.57.

Several analysts have commented on the stock. DZ Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Friday, February 7th. Barclays reduced their target price on shares of Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday. Evercore ISI decreased their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reduced their target price on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Sanford C. Bernstein lowered their price target on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Tuesday.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $2,867,193,000. Toronto Dominion Bank increased its position in shares of Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after buying an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Advanced Micro Devices by 2,265.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp grew its stake in Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after acquiring an additional 2,874,012 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 3.9 %

NASDAQ:AMD traded up $3.49 during trading hours on Tuesday, hitting $93.88. 23,693,095 shares of the company's stock traded hands, compared to its average volume of 42,831,949. The stock's fifty day moving average price is $99.44 and its two-hundred day moving average price is $121.95. The firm has a market cap of $151.73 billion, a P/E ratio of 94.77, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts expect that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

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.