Benchmark Reiterates Buy Rating for Advanced Micro Devices (NASDAQ:AMD)

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

AMD has been the topic of a number of other research reports. Citigroup lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Evercore ISI upped their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Susquehanna decreased their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a report on Wednesday, February 5th. Finally, Wedbush reiterated an "outperform" rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $3.33 during midday trading on Tuesday, hitting $110.84. 41,194,513 shares of the company's stock were exchanged, compared to its average volume of 40,816,133. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $179.61 billion, a PE ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. Advanced Micro Devices has a 12 month low of $106.50 and a 12 month high of $227.30. The company's 50 day moving average price is $118.84 and its 200 day moving average price is $137.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. As a group, analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The shares were purchased at an average price 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. This represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction 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. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Putney Financial Group LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $402,000. Vermillion Wealth Management Inc. bought a new position in Advanced Micro Devices during the 4th quarter worth $66,000. Mackenzie Financial Corp lifted its holdings in Advanced Micro Devices by 36.8% during the 4th quarter. Mackenzie Financial Corp now owns 271,398 shares of the semiconductor manufacturer's stock worth $32,782,000 after buying an additional 73,062 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $231,000. Finally, Warm Springs Advisors Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $2,168,000. 71.34% of the stock is currently owned by 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.