Advanced Micro Devices (NASDAQ:AMD) Stock Rating Upgraded by HSBC

Advanced Micro Devices (NASDAQ:AMD) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a $225.00 price target on the semiconductor manufacturer’s stock, up from their prior price target of $180.00. HSBC’s price target points to a potential upside of 46.08% from the company’s current price.

Several other brokerages have also recently issued reports on AMD. Barclays increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, January 31st. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Monday, January 8th. Morgan Stanley increased their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.15.

Advanced Micro Devices Trading Down 5.8 %

NASDAQ AMD opened at $154.02 on Tuesday. The company’s 50-day moving average price is $180.44 and its 200-day moving average price is $148.23. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a market cap of $248.92 billion, a PE ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64. Advanced Micro Devices has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Equities research analysts forecast that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors have recently added to or reduced their stakes in the stock. Washburn Capital Management Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $231,000. Independence Bank of Kentucky grew its stake in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after acquiring an additional 1,677 shares during the period. Meridian Wealth Management LLC grew its stake in Advanced Micro Devices by 135.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after acquiring an additional 118,090 shares during the period. Gendell Jeffrey L purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $3,085,000. Finally, Sara Bay Financial purchased a new position in Advanced Micro Devices in the 4th quarter valued at $315,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.