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

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned an average rating of “Hold” from the thirty-three analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.73.

AMD has been the topic of several research analyst reports. Cowen raised their price target on Advanced Micro Devices from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $18.00 to $20.00 and gave the company an “in-line” rating in a research report on Wednesday, January 30th. Daiwa Capital Markets set a $27.00 price target on Advanced Micro Devices and gave the company a “buy” rating in a research report on Saturday, February 2nd. ValuEngine downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Nomura initiated coverage on Advanced Micro Devices in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $33.00 price target on the stock.

Shares of NASDAQ:AMD traded up $0.12 during midday trading on Thursday, hitting $27.21. The company’s stock had a trading volume of 72,160,767 shares, compared to its average volume of 78,267,633. The company has a market cap of $28.84 billion, a P/E ratio of 77.74, a P/E/G ratio of 1.69 and a beta of 3.37. Advanced Micro Devices has a fifty-two week low of $11.69 and a fifty-two week high of $34.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The firm’s revenue was down 22.8% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. As a group, equities analysts predict that Advanced Micro Devices will post 0.55 EPS for the current year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 250,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total transaction of $6,687,500.00. Following the sale, the chief executive officer now directly owns 2,511,264 shares of the company’s stock, valued at $67,176,312. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Forrest Eugene Norrod sold 50,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $22.37, for a total value of $1,118,500.00. Following the sale, the senior vice president now directly owns 867,652 shares in the company, valued at $19,409,375.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 732,664 shares of company stock worth $18,831,429. 1.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Joseph P. Lucia & Associates LLC acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $26,000. Berman Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 99.4% during the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 537 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its holdings in Advanced Micro Devices by 1,893.9% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Bedel Financial Consulting Inc. acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $36,000. 58.68% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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