Advanced Micro Devices (NASDAQ:AMD) Receives New Coverage from Analysts at Evercore ISI

Evercore ISI started coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $200.00 price objective on the semiconductor manufacturer’s stock.

AMD has been the subject of several other reports. New Street Research raised shares of Advanced Micro Devices from a neutral rating to a buy rating and set a $215.00 price target for the company in a report on Wednesday, January 24th. Bank of America increased their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a buy rating in a report on Monday, January 29th. StockNews.com raised shares of Advanced Micro Devices from a sell rating to a hold rating in a report on Thursday, February 29th. Raymond James cut shares of Advanced Micro Devices from a strong-buy rating to an outperform rating and increased their price target for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Finally, Roth Mkm increased their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of Moderate Buy and an average price target of $185.15.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $163.46 on Tuesday. The company has a 50-day simple moving average of $180.78 and a 200-day simple moving average of $148.19. Advanced Micro Devices has a one year low of $81.02 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a market capitalization of $264.17 billion, a price-to-earnings ratio of 314.35, a PEG ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices will post 2.63 EPS for the current year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $290,290,831.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,943 shares of company stock worth $59,919,994. 0.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the stock. Peoples Bank KS purchased a new position in Advanced Micro Devices during the third quarter worth approximately $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices during the third quarter worth approximately $27,000. Castleview Partners LLC raised its stake in Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the period. O Dell Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $27,000. Finally, Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $28,000. 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.