Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-nine analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twenty-two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $185.22.

A number of analysts have recently issued reports on AMD shares. Barclays cut their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Bank of America cut Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their target price for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. Citigroup decreased their price target on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. UBS Group lowered their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $175.00 to $129.00 in a report on Friday.

Advanced Micro Devices Trading Down 4.8 %

NASDAQ AMD traded down $5.80 on Friday, reaching $116.04. 59,210,671 shares of the company were exchanged, compared to its average volume of 43,996,684. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The business's fifty day moving average price is $132.58 and its 200 day moving average price is $146.57. The stock has a market capitalization of $188.31 billion, a P/E ratio of 104.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. Advanced Micro Devices has a fifty-two week low of $114.45 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The company's revenue was up 17.6% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. Corporate insiders own 0.73% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its position in Advanced Micro Devices by 17,137.3% in the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock valued at $1,289,818,000 after acquiring an additional 7,815,305 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $296,178,000. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Advanced Micro Devices by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock valued at $3,195,000,000 after buying an additional 1,565,083 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.