Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives $193.45 Consensus PT from Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty-two ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $193.45.

A number of research firms have recently issued reports on AMD. Susquehanna reiterated a "positive" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wedbush reiterated an "outperform" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Wells Fargo & Company increased their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday, July 11th. Cantor Fitzgerald lowered their target price on Advanced Micro Devices from $200.00 to $180.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Finally, Rosenblatt Securities reissued a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st.

Insider Activity

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

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in the stock. Gables Capital Management Inc. bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $29,000. Precision Wealth Strategies LLC lifted its holdings in shares of Advanced Micro Devices by 4.0% in the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer's stock worth $598,000 after purchasing an additional 155 shares in the last quarter. Concentrum Wealth Management lifted its holdings in shares of Advanced Micro Devices by 6.6% in the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer's stock worth $5,625,000 after purchasing an additional 2,354 shares in the last quarter. 9258 Wealth Management LLC grew its position in Advanced Micro Devices by 70.4% in the 4th quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer's stock valued at $1,787,000 after purchasing an additional 5,009 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $280,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Up 2.8 %

Shares of Advanced Micro Devices stock traded up $3.80 during trading hours on Monday, hitting $138.15. The company's stock had a trading volume of 27,083,360 shares, compared to its average volume of 61,273,504. The company has a market capitalization of $223.59 billion, a PE ratio of 199.50, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock has a 50 day moving average of $151.31 and a 200 day moving average of $162.87. Advanced Micro Devices has a 12 month low of $93.11 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.72 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. Analysts predict that Advanced Micro Devices will post 2.56 earnings per share for the current year.

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.