Advanced Micro Devices (NASDAQ:AMD) Receives Outperform Rating from Raymond James

Advanced Micro Devices (NASDAQ:AMD - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Raymond James in a note issued to investors on Wednesday,Benzinga reports. They presently have a $120.00 target price on the semiconductor manufacturer's stock, down from their previous target price of $150.00. Raymond James' price target would suggest a potential upside of 20.94% from the stock's previous close.

Several other analysts also recently issued reports on the company. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Wells Fargo & Company cut their target price on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Evercore ISI decreased their price target on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Morgan Stanley cut their price objective on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $132.77.

Advanced Micro Devices Stock Up 0.6 %

Shares of NASDAQ AMD traded up $0.60 during mid-day trading on Wednesday, reaching $99.22. 38,254,601 shares of the company's stock were exchanged, compared to its average volume of 42,237,324. 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 business has a fifty day simple moving average of $97.29 and a 200 day simple moving average of $117.51. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $187.28. The firm has a market capitalization of $160.37 billion, a price-to-earnings ratio of 100.06, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly 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 net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The business's revenue was up 35.9% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brandywine Oak Private Wealth LLC increased its holdings in Advanced Micro Devices by 3.5% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 4,479 shares of the semiconductor manufacturer's stock worth $460,000 after purchasing an additional 152 shares in the last quarter. Nikko Asset Management Americas Inc. increased its holdings in Advanced Micro Devices by 37.7% in the first quarter. Nikko Asset Management Americas Inc. now owns 1,258,249 shares of the semiconductor manufacturer's stock valued at $129,260,000 after purchasing an additional 344,213 shares during the period. Angeles Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 21.8% in the first quarter. Angeles Wealth Management LLC now owns 4,291 shares of the semiconductor manufacturer's stock worth $441,000 after acquiring an additional 768 shares during the period. Nvwm LLC increased its position in Advanced Micro Devices by 6.2% during the 1st quarter. Nvwm LLC now owns 23,376 shares of the semiconductor manufacturer's stock valued at $2,402,000 after purchasing an additional 1,361 shares during the period. Finally, First Heartland Consultants Inc. raised its holdings in Advanced Micro Devices by 14.2% during the 1st quarter. First Heartland Consultants Inc. now owns 3,723 shares of the semiconductor manufacturer's stock worth $383,000 after purchasing an additional 464 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.

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