Advanced Micro Devices’ (AMD) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report published on Wednesday, Benzinga reports. Rosenblatt Securities currently has a $250.00 price target on the semiconductor manufacturer’s stock.

A number of other research firms have also weighed in on AMD. Bank of America lifted their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a buy rating in a research note on Monday, January 29th. Raymond James downgraded shares of Advanced Micro Devices from a strong-buy rating to an outperform rating and raised their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. DZ Bank reissued a hold rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, March 7th. Melius raised shares of Advanced Micro Devices from a hold rating to a buy rating in a report on Monday, January 8th. Finally, Roth Mkm raised their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the company a buy rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of Moderate Buy and an average target price of $182.62.

Advanced Micro Devices Trading Down 8.9 %

Shares of AMD stock opened at $144.27 on Wednesday. The company has a 50 day moving average of $176.64 and a 200-day moving average of $151.54. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12-month low of $81.02 and a 12-month high of $227.30. The firm has a market cap of $233.16 billion, a P/E ratio of 277.45, a PEG ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the business earned $0.43 EPS. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices will post 2.64 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the business’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 transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of the stock. Addison Advisors LLC raised its stake in Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Prentice Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares in the last quarter. Schear Investment Advisers LLC increased its stake in shares of Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC increased its stake in shares of Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

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.