Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives $152.72 Consensus Price Target from Analysts

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been given a consensus recommendation of “Moderate Buy” by the thirty-two research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $152.72.

AMD has been the topic of a number of analyst reports. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Bank of America dropped their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $103.22 on Friday. The firm has a market capitalization of $167.27 billion, a PE ratio of 104.26, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices has a 52 week low of $94.73 and a 52 week high of $187.28. The firm’s 50-day simple moving average is $109.39 and its 200 day simple moving average is $130.68. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities research analysts predict that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $65,897,000. State Street Corp grew its stake in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC increased its holdings in Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. Enzi Wealth purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $569,000. Finally, Welch Group LLC raised its position in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after purchasing an additional 2,981 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.