Advanced Micro Devices' (AMD) Buy Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) in a report published on Friday,Benzinga reports. They currently have a $170.00 price objective on the semiconductor manufacturer's stock.

A number of other research firms have also weighed in on AMD. TD Cowen boosted their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Hsbc Global Res raised shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Melius Research set a $110.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Evercore ISI reduced their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Dbs Bank cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $134.13.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $2.34 during trading hours on Friday, reaching $116.16. The stock had a trading volume of 39,620,655 shares, compared to its average volume of 41,384,483. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a 50 day moving average price of $103.76 and a two-hundred day moving average price of $111.65. The stock has a market capitalization of $188.34 billion, a PE ratio of 117.33, a PEG ratio of 1.11 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the company posted $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

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

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 owns 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 through this link. 0.06% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

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