Vetr lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a strong-buy rating to a buy rating in a report published on Wednesday. The firm currently has $13.61 price objective on the semiconductor manufacturer’s stock.
Other research analysts also recently issued research reports about the company. Jefferies Group reaffirmed a buy rating and set a $19.00 price objective on shares of Advanced Micro Devices in a report on Friday, November 10th. Mizuho reaffirmed a buy rating and set a $17.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, November 28th. Bank of America reaffirmed a buy rating and set a $18.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, November 14th. Zacks Investment Research raised Advanced Micro Devices from a hold rating to a buy rating and set a $13.00 price objective on the stock in a report on Friday, October 27th. Finally, MKM Partners upped their price objective on Advanced Micro Devices from $13.00 to $14.50 and gave the stock a buy rating in a report on Monday, January 29th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $14.88.
Shares of Advanced Micro Devices (AMD) opened at $12.20 on Wednesday. The company has a market capitalization of $11,365.33, a P/E ratio of 406.67, a P/E/G ratio of 5.02 and a beta of 2.70. Advanced Micro Devices has a 12-month low of $9.70 and a 12-month high of $15.65. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business earned ($0.01) EPS. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. analysts anticipate that Advanced Micro Devices will post 0.3 earnings per share for the current year.
In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $11.58, for a total value of $723,750.00. Following the transaction, the senior vice president now owns 718,772 shares of the company’s stock, valued at approximately $8,323,379.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark D. Papermaster sold 173,630 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total transaction of $2,097,450.40. Following the completion of the sale, the insider now owns 1,331,579 shares of the company’s stock, valued at approximately $16,085,474.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,456,619 shares of company stock worth $16,363,714. 1.60% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMD. GSA Capital Partners LLP bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $168,000. HighTower Advisors LLC increased its holdings in Advanced Micro Devices by 4.7% during the 2nd quarter. HighTower Advisors LLC now owns 41,126 shares of the semiconductor manufacturer’s stock worth $512,000 after purchasing an additional 1,856 shares in the last quarter. Macquarie Group Ltd. bought a new position in Advanced Micro Devices during the 2nd quarter worth about $257,000. Cubist Systematic Strategies LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth about $685,000. Finally, California State Teachers Retirement System increased its holdings in Advanced Micro Devices by 2.1% during the 2nd quarter. California State Teachers Retirement System now owns 1,516,247 shares of the semiconductor manufacturer’s stock worth $18,923,000 after purchasing an additional 31,434 shares in the last quarter. Institutional investors and hedge funds own 60.94% of the company’s stock.
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Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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