Advanced Micro Devices’ (AMD) “Buy” Rating Reiterated at TD Cowen

TD Cowen reiterated their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Monday morning, MarketBeat reports. TD Cowen currently has a $210.00 price objective on the semiconductor manufacturer’s stock.

Several other brokerages also recently weighed in on AMD. Wells Fargo & Company increased their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an overweight rating in a report on Thursday, July 11th. BNP Paribas upgraded Advanced Micro Devices to a strong-buy rating in a research note on Wednesday, July 31st. DZ Bank raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $190.00 target price for the company in a research note on Tuesday, May 7th. Susquehanna restated a positive rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Evercore ISI decreased their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $151.70 on Monday. The firm has a market capitalization of $245.19 billion, a PE ratio of 223.09, a PEG ratio of 1.79 and a beta of 1.69. The stock’s fifty day moving average is $154.39 and its 200 day moving average is $165.02. Advanced Micro Devices has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices will post 2.58 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in Advanced Micro Devices by 8.5% during the 4th quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock worth $3,737,000 after acquiring an additional 1,990 shares during the period. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Commerzbank Aktiengesellschaft FI boosted its position in Advanced Micro Devices by 96.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,299 shares of the semiconductor manufacturer’s stock valued at $634,000 after buying an additional 2,113 shares during the last quarter. MCF Advisors LLC increased its holdings in Advanced Micro Devices by 8.0% in the 4th quarter. MCF Advisors LLC now owns 1,657 shares of the semiconductor manufacturer’s stock worth $244,000 after buying an additional 123 shares during the period. Finally, Telemus Capital LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $421,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.