Advanced Micro Devices (NASDAQ:AMD) Stock Rating Upgraded by Northland Securities

Advanced Micro Devices (NASDAQ:AMDGet Free Report) was upgraded by research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, Marketbeat reports. The firm currently has a $195.00 price target on the semiconductor manufacturer’s stock. Northland Securities’ price target would suggest a potential upside of 14.38% from the company’s current price.

AMD has been the topic of several other reports. Barclays boosted their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Susquehanna boosted their price target on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Monday. Bank of America boosted their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird cut their price objective on Advanced Micro Devices from $170.00 to $125.00 in a report on Thursday, October 5th. Finally, Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $190.00 to $195.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.88.

Get Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Stock Performance

AMD stock opened at $170.48 on Wednesday. The company has a market capitalization of $272.77 billion, a P/E ratio of 327.85, a PEG ratio of 4.45 and a beta of 1.70. The company has a 50-day simple moving average of $144.97 and a 200 day simple moving average of $120.87. Advanced Micro Devices has a fifty-two week low of $75.92 and a fifty-two week high of $184.92. The company has a quick ratio of 1.61, a current ratio of 2.19 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.75%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. Sell-side analysts predict that Advanced Micro Devices will post 2.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 4,000 shares of Advanced Micro Devices stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $125.69, for a total transaction of $502,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,604 shares of the company’s stock, valued at $704,366.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total value of $8,829,750.00. Following the completion of the transaction, the chief executive officer now directly owns 3,347,640 shares of the company’s stock, valued at $394,117,657.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 4,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $125.69, for a total value of $502,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,604 shares of the company’s stock, valued at $704,366.76. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Financial Gravity Asset Management Inc. bought a new position in shares of Advanced Micro Devices in the second quarter valued at about $2,908,000. OLD Second National Bank of Aurora acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $30,000. Castleview Partners LLC increased its position in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the period. Finally, Peoples Bank KS acquired a new stake in Advanced Micro Devices in the third quarter worth about $26,000. 68.43% of the stock is owned by institutional investors.

Advanced Micro Devices Company Profile

(Get Free Report)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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