Advanced Micro Devices - AMD Stock Forecast, Price & News

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles. The company provides processors for desktop and notebook personal computers under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, AMD FX, AMD A-Series, and AMD PRO A-Series processors brands; discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics, AMD Embedded Radeon graphics brands; and professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands. It also offers Radeon Instinct, Radeon PRO V-series, and AMD Instinct accelerators for servers; chipsets under the AMD trademark; microprocessors for servers under the AMD EPYC; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment manufacturers, public cloud service providers, original design manufacturers, system integrators, independent distributors, online retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. The company was incorporated in 1969 and is headquartered in Santa Clara, California.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMD. Craig Hallum decreased their price target on Advanced Micro Devices from $160.00 to $130.00 in a report on Wednesday, May 4th. Northland Securities raised their target price on Advanced Micro Devices from $95.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 3rd. Wedbush reissued an "outperform" rating and issued a $165.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. Susquehanna Bancshares reduced their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set a "positive" rating for the company in a research report on Wednesday, July 13th. Finally, Citigroup dropped their target price on shares of Advanced Micro Devices from $110.00 to $96.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.93.

Advanced Micro Devices Stock Up 2.8 %

Advanced Micro Devices stock traded up $2.71 during midday trading on Friday, hitting $100.83. 72,316,345 shares of the stock were exchanged, compared to its average volume of 89,386,184. Advanced Micro Devices has a 52-week low of $71.60 and a 52-week high of $164.46. The company has a quick ratio of 1.96, a current ratio of 2.44 and a debt-to-equity ratio of 0.04. The business's 50-day moving average price is $87.98 and its 200-day moving average price is $99.52. The stock has a market capitalization of $162.77 billion, a price-to-earnings ratio of 42.37, a price-to-earnings-growth ratio of 0.90 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMD - Get Rating) last announced its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same period in the prior year, the firm posted $0.58 EPS. On average, research analysts expect that Advanced Micro Devices will post 3.9 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CFO Devinder Kumar sold 20,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the sale, the chief financial officer now directly owns 504,370 shares in the company, valued at approximately $51,667,662.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Devinder Kumar sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the sale, the chief financial officer now owns 504,370 shares in the company, valued at approximately $51,667,662.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the sale, the executive vice president now directly owns 37,800 shares in the company, valued at approximately $2,910,222. The disclosure for this sale can be found here. Insiders sold 81,660 shares of company stock worth $7,462,511 in the last quarter. 1.00% of the stock is currently owned by company insiders.