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.
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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