Advanced Micro Devices (NASDAQ:AMD) Raised to “Hold” at StockNews.com

Advanced Micro Devices (NASDAQ:AMD) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

AMD has been the topic of several other research reports. Bank of America upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Wednesday, May 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $120.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Benchmark reiterated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.13.

Advanced Micro Devices Stock Up 4.0%

Shares of NASDAQ AMD opened at $112.46 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $187.28. The firm’s fifty day moving average is $97.81 and its 200 day moving average is $115.78. The company has a market cap of $182.34 billion, a price-to-earnings ratio of 113.60, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. On average, equities research analysts expect that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business’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 transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently bought and sold shares of AMD. Czech National Bank raised its position in Advanced Micro Devices by 6.7% in the 4th quarter. Czech National Bank now owns 351,871 shares of the semiconductor manufacturer’s stock worth $42,502,000 after buying an additional 22,159 shares during the last quarter. EWG Elevate Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $215,000. TT International Asset Management LTD grew its stake in shares of Advanced Micro Devices by 1,856.2% during the 4th quarter. TT International Asset Management LTD now owns 156,495 shares of the semiconductor manufacturer’s stock valued at $18,903,000 after acquiring an additional 148,495 shares during the period. Winthrop Advisory Group LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $286,000. Finally, Fiduciary Alliance LLC grew its stake in shares of Advanced Micro Devices by 264.9% during the 4th quarter. Fiduciary Alliance LLC now owns 7,558 shares of the semiconductor manufacturer’s stock valued at $913,000 after acquiring an additional 5,487 shares during the period. 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.