Jefferies Financial Group Initiates Coverage on Advanced Micro Devices (NASDAQ:AMD)

Jefferies Financial Group began coverage on shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) in a research note released on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $190.00 target price on the semiconductor manufacturer's stock.

A number of other research firms have also recently issued reports on AMD. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. UBS Group dropped their target price on Advanced Micro Devices from $205.00 to $200.00 and set a buy rating for the company in a report on Wednesday, May 1st. Piper Sandler restated an overweight rating and set a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. KeyCorp dropped their target price on Advanced Micro Devices from $270.00 to $230.00 and set an overweight rating for the company in a report on Wednesday, May 1st. Finally, Citigroup dropped their target price on Advanced Micro Devices from $192.00 to $176.00 and set a buy rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $185.26.

Advanced Micro Devices Price Performance

Shares of AMD traded down $1.36 during midday trading on Monday, reaching $150.56. The stock had a trading volume of 27,817,059 shares, compared to its average volume of 69,539,375. The company's 50-day moving average is $172.26 and its 200 day moving average is $154.36. Advanced Micro Devices has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $243.35 billion, a price-to-earnings ratio of 222.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.48 billion. During the same period in the prior year, the business earned $0.43 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices will post 2.62 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $276,050,677.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph A. Householder sold 6,572 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares in the company, valued at $457,151.76. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock valued at $34,637,833 in the last 90 days. Corporate insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tradewinds Capital Management LLC lifted its position in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Valued Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 70.7% during the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 70 shares during the period. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $28,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $29,000. 71.34% of the stock is currently owned by hedge funds and other 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.