Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Average Recommendation of “Moderate Buy” by Brokerages

Advanced Micro Devices, Inc. (NASDAQ:AMD) has received a consensus rating of “Moderate Buy” from the thirty-eight research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, twenty-three have issued a buy recommendation and five have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $147.00.

AMD has been the subject of a number of research analyst reports. Sanford C. Bernstein restated a “reduce” rating on shares of Advanced Micro Devices in a research report on Tuesday, July 1st. TD Cowen upped their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Monday, June 9th. KeyCorp lowered Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. Finally, Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Monday, June 23rd.

Advanced Micro Devices Trading Up 1.6%

Advanced Micro Devices stock opened at $146.42 on Friday. The firm has a market cap of $237.41 billion, a PE ratio of 107.66, a P/E/G ratio of 1.89 and a beta of 2.05. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $122.16 and its two-hundred day simple moving average is $112.11. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $185.50.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. Advanced Micro Devices’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. Analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a share buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president owned 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the company. Greenline Partners LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 200 shares during the last quarter. American Capital Advisory LLC lifted its position in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 130 shares during the last quarter. Kozak & Associates Inc. boosted its holdings in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $30,000. 71.34% of the stock is currently 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.