Seaport Res Ptn Upgrades Advanced Micro Devices (NASDAQ:AMD) to "Strong-Buy"

Seaport Res Ptn upgraded shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

AMD has been the subject of a number of other reports. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Hsbc Global Res lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Benchmark restated a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, DZ Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $139.57.

Advanced Micro Devices Stock Up 2.2 %

Shares of NASDAQ:AMD traded up $2.15 during trading hours on Wednesday, hitting $98.80. The company's stock had a trading volume of 29,865,977 shares, compared to its average volume of 42,230,792. The firm's fifty day moving average price is $97.39 and its 200 day moving average price is $118.56. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a market capitalization of $159.69 billion, a price-to-earnings ratio of 99.80, a P/E/G ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts expect that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Buying and Selling

In other 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, 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. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $26,000. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Advanced Micro Devices by 277.8% in 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 in the last quarter. Finally, American Capital Advisory LLC boosted its holdings in shares of Advanced Micro Devices by 90.3% during 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. 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.