Advanced Micro Devices (NASDAQ:AMD) Upgraded by DZ Bank to Buy

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) was upgraded by equities research analysts at DZ Bank from a "hold" rating to a "buy" rating in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $190.00 price objective on the semiconductor manufacturer's stock. DZ Bank's price target indicates a potential upside of 23.03% from the company's current price.

Other research analysts have also issued reports about the company. Evercore ISI cut their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an "outperform" rating on the stock in a report on Wednesday, May 1st. Benchmark dropped their target price on Advanced Micro Devices from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. Mizuho dropped their target price on Advanced Micro Devices from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Bank of America raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Monday, January 29th. Finally, Wedbush reaffirmed an "outperform" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $183.94.

Advanced Micro Devices Trading Down 0.9 %

Shares of NASDAQ AMD traded down $1.35 during trading hours on Tuesday, reaching $154.43. The stock had a trading volume of 37,302,953 shares, compared to its average volume of 71,253,945. 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 business's fifty day moving average price is $175.00 and its two-hundred day moving average price is $152.86. The firm has a market cap of $249.61 billion, a price-to-earnings ratio of 230.46, a P/E/G ratio of 2.33 and a beta of 1.66. Advanced Micro Devices has a 52-week low of $89.17 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Analysts expect that Advanced Micro Devices will post 2.63 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 business's stock in a transaction dated 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 owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company'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 value of $2,876,634.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 181,850 shares of company stock worth $34,637,833 in the last quarter. Company insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of AMD. Meeder Asset Management Inc. lifted its stake in shares of Advanced Micro Devices by 1,882.0% during the 1st quarter. Meeder Asset Management Inc. now owns 49,055 shares of the semiconductor manufacturer's stock worth $8,854,000 after purchasing an additional 46,580 shares during the period. Choate Investment Advisors lifted its stake in shares of Advanced Micro Devices by 6.9% during the 1st quarter. Choate Investment Advisors now owns 3,322 shares of the semiconductor manufacturer's stock worth $600,000 after purchasing an additional 215 shares during the period. Sfmg LLC lifted its stake in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Sfmg LLC now owns 25,189 shares of the semiconductor manufacturer's stock worth $4,546,000 after purchasing an additional 237 shares during the period. Fiduciary Family Office LLC increased its holdings in shares of Advanced Micro Devices by 10.2% during the 1st quarter. Fiduciary Family Office LLC now owns 5,628 shares of the semiconductor manufacturer's stock worth $1,016,000 after buying an additional 519 shares during the last quarter. Finally, WNY Asset Management LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth $222,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

About Advanced Micro Devices

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.