Advanced Micro Devices (NASDAQ:AMD) Lifted to “Strong-Buy” at TD Cowen

TD Cowen upgraded shares of Advanced Micro Devices (NASDAQ:AMD) to a strong-buy rating in a report published on Monday, Zacks.com reports.

Other analysts also recently issued reports about the stock. BNP Paribas raised shares of Advanced Micro Devices to a strong-buy rating in a report on Wednesday, July 31st. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an equal weight rating in a research report on Wednesday, July 31st. Truist Financial decreased their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a hold rating on the stock in a report on Wednesday, July 31st. Bank of America reduced their price target on Advanced Micro Devices from $195.00 to $180.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Finally, Robert W. Baird dropped their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an outperform rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Stock Down 1.7 %

AMD stock opened at $148.29 on Monday. The stock has a fifty day moving average of $147.79 and a 200-day moving average of $161.04. Advanced Micro Devices has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a market capitalization of $239.68 billion, a price-to-earnings ratio of 218.07, a PEG ratio of 2.04 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tradewinds Capital Management LLC lifted its holdings in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the period. Morton Brown Family Wealth LLC raised its holdings in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares in the last quarter. Fairway Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at about $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. Finally, Semmax Financial Advisors Inc. grew its position in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the last quarter. 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.