Advanced Micro Devices (NASDAQ:AMD) Receives “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report released on Wednesday, Benzinga reports. The brokerage currently has a $200.00 price target on the semiconductor manufacturer’s stock.

A number of other analysts also recently weighed in on the stock. Mizuho increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a buy rating in a research report on Thursday, March 7th. UBS Group increased their target price on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a buy rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a neutral rating in a research report on Wednesday, January 31st. Evercore ISI started coverage on shares of Advanced Micro Devices in a research report on Tuesday. They set an outperform rating and a $200.00 target price for the company. Finally, Citigroup increased their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a buy rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of Moderate Buy and an average price target of $185.15.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $154.02 on Wednesday. The business has a 50 day moving average of $180.44 and a 200-day moving average of $148.23. Advanced Micro Devices has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company has a market capitalization of $248.92 billion, a P/E ratio of 296.20, a P/E/G ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after purchasing an additional 2,390,558 shares in the last quarter. State Street Corp grew its holdings in shares of Advanced Micro Devices by 1.7% during the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after purchasing an additional 1,112,077 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after purchasing an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after purchasing an additional 1,490,997 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.