Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives $132.10 Average Price Target from Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received a consensus rating of “Moderate Buy” from the thirty-six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, twenty have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $132.58.

A number of research analysts have issued reports on AMD shares. Seaport Res Ptn upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, April 30th. Wedbush reiterated an “outperform” rating and set a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Piper Sandler reiterated an “overweight” rating and set a $125.00 price objective (down previously from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Thursday, May 8th. Finally, Raymond James reiterated an “outperform” rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Segment Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 0.5% in the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock valued at $1,937,000 after purchasing an additional 87 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer’s stock valued at $575,000 after purchasing an additional 91 shares during the period. TFG Advisers LLC boosted its stake in shares of Advanced Micro Devices by 2.0% in the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer’s stock valued at $573,000 after purchasing an additional 92 shares during the period. Seaview Investment Managers LLC boosted its stake in shares of Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer’s stock valued at $232,000 after purchasing an additional 93 shares during the period. Finally, BSW Wealth Partners boosted its stake in shares of Advanced Micro Devices by 1.1% in the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer’s stock valued at $1,068,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $114.74 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $186.04 billion, a P/E ratio of 115.90, a P/E/G ratio of 1.11 and a beta of 1.97. The business has a fifty day simple moving average of $99.21 and a two-hundred day simple moving average of $114.52. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, equities analysts forecast that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has approved a stock buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

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.