Advanced Micro Devices (NASDAQ:AMD) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD - Free Report) in a research report released on Wednesday, Benzinga reports. They currently have a $200.00 price target on the semiconductor manufacturer's stock.

Other equities research analysts also recently issued reports about the company. DZ Bank reiterated a hold rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Mizuho boosted their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a buy rating in a research report on Thursday, March 7th. TD Cowen increased their target price on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the stock an outperform rating in a research note on Thursday, January 18th. Cantor Fitzgerald reaffirmed an overweight rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research note on Monday, March 4th. Finally, Barclays increased their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an overweight rating in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of Moderate Buy and an average price target of $185.15.

Advanced Micro Devices Trading Down 5.8 %

Shares of AMD stock traded down $9.44 on Wednesday, hitting $154.02. The company had a trading volume of 75,773,286 shares, compared to its average volume of 74,973,969. Advanced Micro Devices has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a market cap of $248.92 billion, a P/E ratio of 296.20, a P/E/G ratio of 2.44 and a beta of 1.64. The stock's 50-day moving average is $180.78 and its two-hundred day moving average is $148.19.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.13 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm's revenue was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company's stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company's stock, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Victor Peng sold 100,000 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in AMD. Cornerstone Wealth Group LLC increased its holdings in Advanced Micro Devices by 6.8% during the 1st quarter. Cornerstone Wealth Group LLC now owns 24,635 shares of the semiconductor manufacturer's stock worth $4,446,000 after acquiring an additional 1,569 shares during the period. Richardson Capital Management LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at $103,000. Physician Wealth Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 3.5% in the first quarter. Physician Wealth Advisors Inc. now owns 3,797 shares of the semiconductor manufacturer's stock worth $685,000 after purchasing an additional 128 shares during the period. New Mexico Educational Retirement Board raised its position in shares of Advanced Micro Devices by 13.5% in the first quarter. New Mexico Educational Retirement Board now owns 95,050 shares of the semiconductor manufacturer's stock worth $17,156,000 after buying an additional 11,300 shares in the last quarter. Finally, Founders Financial Securities LLC boosted its stake in Advanced Micro Devices by 9.8% during the first quarter. Founders Financial Securities LLC now owns 3,005 shares of the semiconductor manufacturer's stock valued at $542,000 after buying an additional 267 shares during the period. 71.34% of the stock is currently owned by 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.