Advanced Micro Devices (NASDAQ:AMD) Given "Buy" Rating at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) in a report issued on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $250.00 price objective on the semiconductor manufacturer's stock.

A number of other research analysts have also issued reports on the stock. TD Cowen reduced their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Cantor Fitzgerald reissued an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Susquehanna lowered their target price on Advanced Micro Devices from $200.00 to $165.00 and set a "positive" rating on the stock in a research report on Wednesday, January 29th. HSBC reiterated a "reduce" rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $158.70.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $2.60 on Tuesday, hitting $107.56. 45,877,635 shares of the stock traded hands, compared to its average volume of 43,600,734. The company's fifty day moving average is $124.01 and its 200 day moving average is $140.18. Advanced Micro Devices has a 1-year low of $106.50 and a 1-year high of $227.30. The company has a market capitalization of $174.55 billion, a PE ratio of 96.90, a PEG ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. On average, equities research analysts predict that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. Charles Schwab Investment Management Inc. raised its stake in shares of Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank grew its holdings in Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock valued at $787,186,000 after purchasing an additional 12,500 shares during the last quarter. Shum Financial Group Inc. bought a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $858,000. State Street Corp lifted its stake in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after buying an additional 441,924 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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.