Advanced Micro Devices (NASDAQ:AMD) Upgraded to “Buy” at DZ Bank

DZ Bank upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a report published on Tuesday morning, MarketBeat Ratings reports. DZ Bank currently has $190.00 target price on the semiconductor manufacturer’s stock.

AMD has been the topic of several other research reports. Morgan Stanley decreased their price objective on Advanced Micro Devices from $193.00 to $177.00 and set an overweight rating on the stock in a report on Monday, April 29th. Evercore ISI lowered their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating for the company in a report on Wednesday, May 1st. Melius upgraded Advanced Micro Devices from a hold rating to a buy rating in a report on Monday, January 8th. TD Cowen lifted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Finally, KeyCorp dropped their price target on Advanced Micro Devices from $270.00 to $230.00 and set an overweight rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $183.94.

Advanced Micro Devices Trading Down 0.9 %

Shares of Advanced Micro Devices stock opened at $154.43 on Tuesday. The firm has a market cap of $249.61 billion, a PE ratio of 227.11, a PEG ratio of 2.33 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices has a 1 year low of $89.17 and a 1 year high of $227.30. The company has a 50 day simple moving average of $174.53 and a two-hundred day simple moving average of $153.23.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Analysts expect that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,850 shares of company stock worth $34,637,833. 0.65% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. raised its holdings in shares of Advanced Micro Devices by 22.9% in the 3rd quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock valued at $2,827,000 after purchasing an additional 5,123 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Advanced Micro Devices by 18.4% during the 3rd quarter. Mackenzie Financial Corp now owns 211,162 shares of the semiconductor manufacturer’s stock worth $21,133,000 after purchasing an additional 32,833 shares during the period. FORVIS Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 8.0% in the third quarter. FORVIS Wealth Advisors LLC now owns 4,247 shares of the semiconductor manufacturer’s stock worth $437,000 after acquiring an additional 316 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Advanced Micro Devices by 4.9% in the third quarter. Chicago Partners Investment Group LLC now owns 31,821 shares of the semiconductor manufacturer’s stock valued at $3,182,000 after purchasing an additional 1,490 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Advanced Micro Devices by 18.0% in the 3rd quarter. Park Avenue Securities LLC now owns 39,421 shares of the semiconductor manufacturer’s stock worth $4,053,000 after buying an additional 6,011 shares during the last quarter. Institutional investors 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.