Advanced Micro Devices (NASDAQ:AMD) Given "Buy" Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) in a research report report published on Friday,Benzinga reports. They currently have a $132.00 target price on the semiconductor manufacturer's stock.

Several other research analysts have also recently issued reports on AMD. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. TD Cowen raised their target price on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Susquehanna decreased their price target on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Sanford C. Bernstein cut their price target on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Hsbc Global Res raised shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.13.

Advanced Micro Devices Trading Down 2.0%

Shares of AMD traded down $2.34 during mid-day trading on Friday, reaching $116.16. The company had a trading volume of 39,620,655 shares, compared to its average volume of 41,413,918. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $188.34 billion, a price-to-earnings ratio of 117.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The firm has a fifty day simple moving average of $104.51 and a 200-day simple moving average of $111.33. Advanced Micro Devices has a fifty-two week low of $76.48 and a fifty-two week high of $187.28.

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

Advanced Micro Devices declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently made changes to their positions in the stock. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $29,000. Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $31,000. 71.34% of the stock is currently 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.