Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Average Rating of "Moderate Buy" by Analysts

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirty-eight analysts that are currently covering the stock, MarketBeat reports. Fourteen analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $134.13.

AMD has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective for the company in a research report on Thursday, May 8th. Benchmark reissued a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Friday. Mizuho upped their target price on Advanced Micro Devices from $117.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the 4th quarter worth $25,000. Greenline Partners LLC bought a new position in Advanced Micro Devices in the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $29,000. Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $31,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 2.0%

NASDAQ:AMD traded down $2.34 on Wednesday, hitting $116.16. The stock had a trading volume of 39,556,625 shares, compared to its average volume of 41,396,154. The company has a market cap of $188.34 billion, a PE ratio of 117.33, a P/E/G ratio of 1.11 and a beta of 1.99. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $187.28. The business's fifty day moving average is $103.76 and its 200 day moving average is $111.65. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the firm posted $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

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.