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

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirty-one analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $193.45.

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 31st. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Tuesday, May 7th. StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. TD Cowen boosted their target price on shares of Advanced Micro Devices from $200.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, July 15th. Finally, Truist Financial dropped their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a research note on Wednesday, July 31st.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $6.61 on Thursday, hitting $147.36. 43,528,991 shares of the stock traded hands, compared to its average volume of 63,319,668. The firm has a market cap of $238.18 billion, a price-to-earnings ratio of 214.01, a PEG ratio of 1.79 and a beta of 1.69. Advanced Micro Devices has a 52 week low of $93.11 and a 52 week high of $227.30. The firm has a 50 day simple moving average of $155.53 and a two-hundred day simple moving average of $165.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. As a group, equities research analysts predict that Advanced Micro Devices will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,756 shares of the company's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company's stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in Advanced Micro Devices by 8.5% during the fourth quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer's stock valued at $3,737,000 after purchasing an additional 1,990 shares in the last quarter. Capital Analysts LLC lifted its holdings in Advanced Micro Devices by 240.1% during the fourth quarter. Capital Analysts LLC now owns 2,840 shares of the semiconductor manufacturer's stock valued at $419,000 after purchasing an additional 2,005 shares in the last quarter. DGS Capital Management LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $221,000. Wealth Alliance lifted its holdings in Advanced Micro Devices by 75.0% during the fourth quarter. Wealth Alliance now owns 4,889 shares of the semiconductor manufacturer's stock valued at $721,000 after purchasing an additional 2,096 shares in the last quarter. Finally, Allen Capital Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $324,000. 71.34% of the stock is owned by hedge funds and other 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.