Roth Mkm Reaffirms Buy Rating for Advanced Micro Devices (NASDAQ:AMD)

Roth Mkm reiterated their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Friday morning, Benzinga reports. Roth Mkm currently has a $200.00 price objective on the semiconductor manufacturer’s stock.

Other equities research analysts have also issued reports about the stock. Wedbush reiterated an outperform rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Piper Sandler upped their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the company an overweight rating in a research report on Friday. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an overweight rating in a research report on Thursday, July 11th. TD Cowen upgraded Advanced Micro Devices to a strong-buy rating in a research note on Monday, September 16th. Finally, Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an outperform rating on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $195.00.

Advanced Micro Devices Stock Down 1.6 %

Shares of NASDAQ AMD opened at $165.27 on Friday. The stock has a market cap of $267.13 billion, a P/E ratio of 243.04, a PEG ratio of 2.33 and a beta of 1.70. The business’s fifty day simple moving average is $151.95 and its 200-day simple moving average is $157.31. Advanced Micro Devices has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices will post 2.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of AMD. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after purchasing an additional 2,349,288 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Advanced Micro Devices by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock valued at $4,177,338,000 after purchasing an additional 570,035 shares during the last quarter. Wellington Management Group LLP grew its holdings in Advanced Micro Devices by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock worth $2,832,961,000 after acquiring an additional 478,718 shares in the last quarter. Legal & General Group Plc grew its position in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock worth $2,159,039,000 after acquiring an additional 188,580 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares during the last quarter. Hedge funds and other 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.