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
A number of equities research analysts recently commented on the company. Citigroup decreased their price objective on Advanced Micro Devices from $110.00 to $96.00 and set a "neutral" rating for the company in a research note on Wednesday. Cowen decreased their price objective on Advanced Micro Devices from $160.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday, July 12th. Wedbush reaffirmed an "outperform" rating and set a $165.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. Raymond James decreased their price objective on Advanced Micro Devices from $160.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday. Finally, Craig Hallum decreased their price objective on Advanced Micro Devices from $160.00 to $130.00 in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $125.93.
Advanced Micro Devices Price Performance
Shares of AMD Stock traded down $1.60 during trading hours on Friday, reaching $102.31. The company's stock had a trading volume of 93,859,876 shares, compared to its average volume of 87,556,992. The firm's 50 day simple moving average is $88.51 and its 200-day simple moving average is $100.04. The company has a market capitalization of $165.16 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 0.92 and a beta of 1.96. Advanced Micro Devices has a fifty-two week low of $71.60 and a fifty-two 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.
Advanced Micro Devices (NASDAQ:AMD - Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 EPS for the quarter, beating 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 previous year, the business posted $0.58 earnings per share. Sell-side analysts forecast that Advanced Micro Devices will post 3.91 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Paul Darren Grasby sold 32,694 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 37,800 shares of the company's stock, valued at approximately $2,910,222. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, CFO Devinder Kumar sold 28,966 shares of the stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $100.00, for a total transaction of $2,896,600.00. Following the completion of the sale, the chief financial officer now directly owns 524,370 shares in the company, valued at approximately $52,437,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 32,694 shares of the 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 sale, the executive vice president now owns 37,800 shares of the company's stock, valued at $2,910,222. The disclosure for this sale can be found here. Insiders sold a total of 81,660 shares of company stock valued at $7,462,511 in the last three months. Insiders own 1.00% of the company's stock.
