Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives Average Recommendation of “Hold” from Brokerages

Share on StockTwits

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received an average recommendation of “Hold” from the thirty-four analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.00.

Several research firms have weighed in on AMD. Credit Suisse Group set a $30.00 price objective on Advanced Micro Devices and gave the stock a “neutral” rating in a report on Wednesday, July 31st. They noted that the move was a valuation call. Mizuho set a $36.00 target price on Advanced Micro Devices and gave the company a “hold” rating in a research note on Monday. Deutsche Bank restated a “hold” rating and issued a $29.00 target price (up previously from $25.00) on shares of Advanced Micro Devices in a research note on Tuesday, July 30th. Cowen set a $40.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group raised their target price on Advanced Micro Devices from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st.

Shares of Advanced Micro Devices stock traded down $0.28 during trading on Friday, hitting $29.96. 2,152,822 shares of the stock traded hands, compared to its average volume of 69,495,664. The company has a market capitalization of $35.20 billion, a PE ratio of 85.66, a price-to-earnings-growth ratio of 2.76 and a beta of 3.06. Advanced Micro Devices has a 52 week low of $16.03 and a 52 week high of $35.55. The business has a fifty day simple moving average of $32.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. Advanced Micro Devices’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. As a group, sell-side analysts expect that Advanced Micro Devices will post 0.5 earnings per share for the current year.

In other Advanced Micro Devices news, Director Nora Denzel sold 31,737 shares of Advanced Micro Devices stock in a transaction on Friday, August 9th. The stock was sold at an average price of $34.29, for a total value of $1,088,261.73. Following the completion of the sale, the director now owns 152,899 shares of the company’s stock, valued at approximately $5,242,906.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Darla M. Smith sold 8,388 shares of Advanced Micro Devices stock in a transaction on Monday, August 12th. The stock was sold at an average price of $33.53, for a total value of $281,249.64. Following the completion of the sale, the chief accounting officer now directly owns 35,918 shares of the company’s stock, valued at approximately $1,204,330.54. The disclosure for this sale can be found here. In the last three months, insiders sold 1,878,524 shares of company stock valued at $60,911,813. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AMD. Dimensional Fund Advisors LP raised its stake in shares of Advanced Micro Devices by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock valued at $62,743,000 after purchasing an additional 136,475 shares during the period. Geode Capital Management LLC increased its stake in Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after acquiring an additional 1,651,507 shares during the last quarter. Two Sigma Advisers LP bought a new position in Advanced Micro Devices in the 4th quarter worth about $962,000. Gateway Investment Advisers LLC increased its stake in Advanced Micro Devices by 3.0% in the 1st quarter. Gateway Investment Advisers LLC now owns 481,780 shares of the semiconductor manufacturer’s stock worth $12,295,000 after acquiring an additional 13,865 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Advanced Micro Devices by 8,463.0% in the 1st quarter. Pacer Advisors Inc. now owns 130,842 shares of the semiconductor manufacturer’s stock worth $3,339,000 after acquiring an additional 129,314 shares during the last quarter. Hedge funds and other institutional investors own 60.38% of the company’s stock.

About Advanced Micro Devices

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 (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Recommended Story: Technical Indicators – What is a Golden Cross?

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.