Advanced Micro Devices (NASDAQ:AMD) Stock Rating Upgraded by HSBC

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) was upgraded by investment analysts at HSBC from a "reduce" rating to a "hold" rating in a report released on Tuesday, Marketbeat.com reports.

A number of other equities analysts have also weighed in on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Wedbush reissued an "outperform" rating and issued a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Melius lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price objective for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Finally, Morgan Stanley dropped their price target on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $132.58.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $0.17 on Tuesday, hitting $113.03. The company's stock had a trading volume of 30,441,210 shares, compared to its average volume of 42,073,039. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a market capitalization of $183.27 billion, a price-to-earnings ratio of 114.17, a price-to-earnings-growth 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. The stock has a 50 day moving average of $100.36 and a 200-day moving average of $113.35.

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 (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for 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 for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. As a group, research analysts predict that Advanced Micro Devices will post 3.87 EPS for the current year.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction 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 of the company's stock, valued at $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 is available at the SEC website. 0.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $31,000. 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.