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

Advanced Micro Devices (NASDAQ:AMD) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $225.00 price target on the semiconductor manufacturer’s stock, up from their previous price target of $180.00. HSBC’s target price indicates a potential upside of 46.08% from the company’s previous close.

AMD has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, January 31st. Evercore ISI started coverage on Advanced Micro Devices in a research report on Tuesday. They issued an “outperform” rating and a $200.00 price target for the company. Bank of America raised their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Roth Mkm raised their price target on Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.15.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $154.02 on Tuesday. Advanced Micro Devices has a 12 month low of $81.02 and a 12 month 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 business has a 50 day simple moving average of $180.44 and a 200-day simple moving average of $148.23. The stock has a market capitalization of $248.92 billion, a PE ratio of 296.20, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates 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 last year, the company earned $0.54 earnings per share. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly 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. Corporate insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in AMD. O Dell Group LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

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.