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

Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirty-eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $138.74.

AMD has been the subject of a number of recent analyst reports. Loop Capital decreased their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Dbs Bank lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wedbush reiterated an "outperform" rating and issued a $120.00 target price (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. HSBC upgraded shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Mizuho upped their price target on shares of Advanced Micro Devices from $135.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $0.59 during trading on Friday, hitting $137.93. 28,645,993 shares of the stock were exchanged, compared to its average volume of 42,055,866. The stock's fifty day moving average is $117.84 and its 200 day moving average is $111.51. The stock has a market cap of $223.64 billion, a PE ratio of 101.42, a P/E/G ratio of 1.78 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has approved a share repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in AMD. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC increased its holdings in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. increased its holdings in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

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.