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
AMD has been the subject of several recent analyst reports. Benchmark boosted their price objective on shares of Advanced Micro Devices from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, June 10th. Northland Securities upped their price target on shares of Advanced Micro Devices from $95.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, August 3rd. Susquehanna cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set a "positive" rating on the stock in a research note on Wednesday, July 13th. JPMorgan Chase & Co. cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 3rd. Finally, Robert W. Baird restated a "neutral" rating and set a $100.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.93.
Advanced Micro Devices Stock Performance
AMD opened at $98.12 on Friday. 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 company has a market cap of $158.40 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 0.88 and a beta of 1.96. Advanced Micro Devices has a 52-week low of $71.60 and a 52-week high of $164.46. The firm's fifty day simple moving average is $88.30 and its two-hundred day simple moving average is $99.72.
Advanced Micro Devices (NASDAQ:AMD - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. During the same period in the prior year, the company earned $0.58 EPS. Equities analysts anticipate that Advanced Micro Devices will post 3.9 earnings per share for the current fiscal year.
Insider Transactions at Advanced Micro Devices
In related news, EVP Paul Darren Grasby sold 32,694 shares of the firm's stock in a transaction dated Tuesday, July 12th. The shares were 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 $2,910,222. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Paul Darren Grasby sold 32,694 shares of the firm's stock in a transaction dated Tuesday, July 12th. The shares were 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 $2,910,222. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Devinder Kumar sold 20,000 shares of the firm's 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 of the company's stock, valued at $51,667,662.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,660 shares of company stock valued at $7,462,511. Corporate insiders own 1.00% of the company's stock.
