Advanced Micro Devices (AMD) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a sell rating to a hold rating in a report issued on Monday morning.

According to Zacks, “AMD provides microprocessors, chipsets, discrete GPUs and professional graphics. The company is benefitting from the robust performance of its product portfolio comprising Ryzen CPU, EPYC and Radeon Vega GPUs. Moreover, strong adoption of EPYC server processors is a growth driver. Increasing adoption of AI techniques and machine learning tools in industries like gaming, automotive and blockchain are primarily responsible for driving GPU demand. AMD is benefiting from this demand. Further, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are other positive. However, few reports suggested a decline in cryptocurrency mining demand which could be negatively impacting the GPU market. Per Moore, the impact of sluggish cryptocurrency demand is likely to have a bigger impact on AMD’s business. Further, a highly leveraged balance sheet and stiff competition from the likes of NVIDIA remains a concern.”

Other equities research analysts have also recently issued reports about the stock. MKM Partners upped their target price on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a buy rating in a report on Monday, January 29th. BidaskClub raised shares of Advanced Micro Devices from a sell rating to a hold rating in a report on Friday, January 5th. Vetr cut shares of Advanced Micro Devices from a strong-buy rating to a buy rating and set a $13.61 target price on the stock. in a report on Wednesday, February 14th. Macquarie raised shares of Advanced Micro Devices from an underperform rating to a neutral rating and upped their target price for the company from $10.29 to $10.47 in a report on Monday, December 18th. Finally, Argus raised shares of Advanced Micro Devices from a hold rating to a buy rating and upped their target price for the company from $13.74 to $18.00 in a report on Thursday, February 1st. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $14.49.



Shares of NASDAQ:AMD opened at $10.08 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17. Advanced Micro Devices has a one year low of $9.04 and a one year high of $15.65. The stock has a market cap of $9,516.87, a price-to-earnings ratio of 126.00, a price-to-earnings-growth ratio of 4.00 and a beta of 2.86.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. equities analysts forecast that Advanced Micro Devices will post 0.32 EPS for the current fiscal year.

In other Advanced Micro Devices news, SVP Mark D. Papermaster sold 150,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $11.38, for a total transaction of $1,707,000.00. Following the transaction, the senior vice president now owns 1,207,949 shares in the company, valued at approximately $13,746,459.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark D. Papermaster sold 173,630 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total transaction of $2,097,450.40. Following the transaction, the insider now owns 1,331,579 shares in the company, valued at approximately $16,085,474.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,158,620 shares of company stock worth $13,933,528. Company insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the business. OppenheimerFunds Inc. grew its position in shares of Advanced Micro Devices by 10.1% during the 4th quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock worth $226,943,000 after purchasing an additional 2,022,320 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Advanced Micro Devices by 23.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock worth $125,891,000 after purchasing an additional 2,295,080 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Advanced Micro Devices by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 9,486,698 shares of the semiconductor manufacturer’s stock worth $97,337,000 after purchasing an additional 386,063 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Advanced Micro Devices by 40.4% during the 4th quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after purchasing an additional 2,629,584 shares in the last quarter. Finally, CI Investments Inc. boosted its position in shares of Advanced Micro Devices by 17.3% during the 4th quarter. CI Investments Inc. now owns 8,593,176 shares of the semiconductor manufacturer’s stock worth $88,338,000 after acquiring an additional 1,270,283 shares in the last quarter. Hedge funds and other institutional investors own 62.15% of the company’s stock.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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