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.
Analyst Ratings Changes
AMD has been the topic of several research analyst reports. downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating in a research note on Thursday, April 14th. Cowen dropped their target price on shares of Advanced Micro Devices from $160.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, July 12th. Barclays reduced their price target on shares of Advanced Micro Devices from $115.00 to $85.00 and set an "equal weight" rating for the company in a report on Monday, July 11th. BMO Capital Markets raised Advanced Micro Devices from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $100.00 to $115.00 in a research note on Thursday, July 14th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $100.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.93.
Advanced Micro Devices Stock Performance
Shares of NASDAQ:AMD traded down $1.96 during trading hours on Monday, reaching $100.35. 826,544 shares of the stock were exchanged, compared to its average volume of 101,596,469. The firm has a market capitalization of $162.62 billion, a price-to-earnings ratio of 42.99, a P/E/G ratio of 0.94 and a beta of 1.96. The stock's fifty day simple moving average is $88.51 and its 200 day simple moving average is $99.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44. Advanced Micro Devices has a 52 week low of $71.60 and a 52 week high of $164.46.
Advanced Micro Devices (NASDAQ:AMD - Get Rating) last posted 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 quarter in the prior year, the company earned $0.58 earnings per share. Sell-side analysts predict that Advanced Micro Devices will post 3.91 EPS for the current year.
Insider Buying and Selling at Advanced Micro Devices
In other news, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total value 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 $2,910,222. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Paul Darren Grasby sold 32,694 shares of the business's stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total value of $2,517,111.06. Following the completion of the transaction, the executive vice president now owns 37,800 shares of the company's stock, valued at $2,910,222. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Devinder Kumar sold 20,000 shares of the stock in a transaction dated 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 owns 504,370 shares in the company, valued at $51,667,662.80. The disclosure for this sale can be found here. Insiders sold 81,660 shares of company stock valued at $7,462,511 in the last quarter. Company insiders own 1.00% of the company's stock.
