Advanced Micro Devices (NASDAQ:AMD) Earns Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) in a research report report published on Monday,Benzinga reports. Cantor Fitzgerald currently has a $180.00 price objective on the semiconductor manufacturer's stock.

A number of other equities analysts have also commented on the stock. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Wolfe Research lowered Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. 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. Citigroup reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, April 16th. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $139.57.

Advanced Micro Devices Stock Up 1.3 %

Shares of NASDAQ AMD traded up $1.29 during mid-day trading on Monday, reaching $97.35. The company had a trading volume of 29,527,325 shares, compared to its average volume of 42,550,294. The company has a market capitalization of $157.35 billion, a price-to-earnings ratio of 98.33, a PEG ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a fifty day moving average of $97.99 and a two-hundred day moving average of $119.58. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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, equities research analysts expect that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction dated 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 purchase, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 sale, the executive vice president now 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 disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $65,897,000. Enzi Wealth acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $569,000. Welch Group LLC grew its position in shares of Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after purchasing an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC increased its stake in shares of Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after purchasing an additional 145,067 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Advanced Micro Devices by 19.8% in the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after purchasing an additional 289,110 shares during the period. 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.