Advanced Micro Devices (NASDAQ:AMD) Earns Buy Rating from Rosenblatt Securities

Advanced Micro Devices (NASDAQ:AMD - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $200.00 price target on the semiconductor manufacturer's stock. Rosenblatt Securities' price target suggests a potential upside of 94.48% from the company's current price.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Benchmark reaffirmed a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, April 28th. Finally, Bank of America dropped their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.13.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $1.14 during trading on Wednesday, hitting $102.84. 31,640,225 shares of the company were exchanged, compared to its average volume of 42,530,851. Advanced Micro Devices has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $97.41 and a 200 day moving average price of $116.65. The stock has a market capitalization of $166.22 billion, a price-to-earnings ratio of 103.88, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share 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 firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC lifted 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 worth $28,000 after purchasing an additional 130 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at approximately $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.