Advanced Micro Devices (NASDAQ:AMD) Upgraded at StockNews.com

StockNews.com upgraded shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) from a sell rating to a hold rating in a research report report published on Monday morning.

A number of other analysts have also recently weighed in on AMD. Robert W. Baird lowered their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Melius Research set a $110.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Barclays lowered their price target on shares of Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Wedbush restated an "outperform" rating and issued a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Sanford C. Bernstein lowered their price target on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.10.

Advanced Micro Devices Stock Up 1.9%

Advanced Micro Devices stock traded up $2.20 during midday trading on Monday, hitting $117.19. 28,001,039 shares of the company's stock were exchanged, compared to its average volume of 42,858,846. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $187.28. The firm has a 50-day moving average of $98.53 and a two-hundred day moving average of $115.48. The company has a market cap of $190.02 billion, a PE ratio of 118.21, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the prior year, the business earned $0.62 EPS. The firm's quarterly revenue was up 35.9% on a year-over-year basis. As a group, analysts expect that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has initiated a share buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company'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 completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds have recently modified their holdings of the company. Segment Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 0.5% in the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after purchasing an additional 87 shares during the period. Breakwater Capital Group grew its holdings in shares of Advanced Micro Devices by 5.2% in the fourth quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock valued at $213,000 after purchasing an additional 88 shares during the period. Koshinski Asset Management Inc. grew its holdings in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock valued at $575,000 after purchasing an additional 91 shares during the period. TFG Advisers LLC grew its holdings in shares of Advanced Micro Devices by 2.0% in the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after purchasing an additional 92 shares during the period. Finally, Seaview Investment Managers LLC grew its holdings in shares of Advanced Micro Devices by 4.3% in the first quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

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.