Advanced Micro Devices (NASDAQ:AMD) Receives "Buy" Rating from Benchmark

Advanced Micro Devices (NASDAQ:AMD - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Benchmark in a report released on Tuesday,Benzinga reports. They presently have a $170.00 price target on the semiconductor manufacturer's stock. Benchmark's price target suggests a potential upside of 53.37% from the company's current price.

Several other analysts have also recently commented on AMD. Citigroup cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Argus upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Thursday, February 6th. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th. DZ Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $158.70.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $3.33 on Tuesday, reaching $110.84. The company's stock had a trading volume of 41,066,930 shares, compared to its average volume of 40,756,605. The company has a market capitalization of $179.61 billion, a P/E ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. Advanced Micro Devices has a 52-week low of $106.50 and a 52-week high of $227.30. The stock has a 50-day moving average price of $119.16 and a 200-day moving average price of $138.11. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after purchasing an additional 177,700 shares during the last quarter. Swiss National Bank lifted its position in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after purchasing an additional 12,500 shares during the last quarter. Shum Financial Group Inc. purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $858,000. State Street Corp lifted its position in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. 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.