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

Posted by on Aug 6th, 2023

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) have received an average rating of “Moderate Buy” from the thirty ratings firms that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $135.19.

A number of equities analysts recently weighed in on the stock. 58.com restated a “maintains” rating on shares of Advanced Micro Devices in a research report on Wednesday, May 3rd. Morgan Stanley restated an “overweight” rating and set a $138.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. VNET Group restated a “maintains” rating on shares of Advanced Micro Devices in a research report on Wednesday, May 3rd. Craig Hallum upped their target price on shares of Advanced Micro Devices from $100.00 to $158.00 in a research report on Wednesday, June 14th. Finally, Robert W. Baird upped their target price on shares of Advanced Micro Devices from $100.00 to $170.00 in a research report on Wednesday, June 14th.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,701 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.49, for a total value of $3,534,344.49. Following the transaction, the executive vice president now directly owns 1,513,245 shares of the company’s stock, valued at approximately $168,711,685.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $118.77, for a total value of $1,781,550.00. Following the transaction, the executive vice president now directly owns 80,942 shares of the company’s stock, valued at approximately $9,613,481.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 31,701 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $111.49, for a total value of $3,534,344.49. Following the completion of the sale, the executive vice president now owns 1,513,245 shares of the company’s stock, valued at $168,711,685.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,174 shares of company stock valued at $30,761,603. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in AMD. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in Advanced Micro Devices by 336.0% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in Advanced Micro Devices by 50.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 228 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of Advanced Micro Devices in the first quarter worth $31,000. Western Pacific Wealth Management LP grew its stake in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Western Pacific Wealth Management LP now owns 545 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 161 shares in the last quarter. Finally, Dividend Assets Capital LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth $35,000. 68.90% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $115.82 on Friday. The firm has a 50 day moving average of $116.20 and a 200 day moving average of $98.49. The company has a current ratio of 2.18, a quick ratio of 1.74 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $187.13 billion, a price-to-earnings ratio of -5,788.11, a price-to-earnings-growth ratio of 5.75 and a beta of 1.83. Advanced Micro Devices has a 12-month low of $54.57 and a 12-month high of $132.83.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The firm’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. On average, research analysts anticipate that Advanced Micro Devices will post 2.15 earnings per share for the current year.

Advanced Micro Devices Company Profile

(Get Free Report

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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