Brokerages Set Advanced Micro Devices, Inc. (NASDAQ:AMD) PT at $30.08

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received an average recommendation of “Hold” from the thirty-two research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $30.42.

Several analysts have recently weighed in on the company. Nomura upped their price objective on Advanced Micro Devices from $33.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. UBS Group upped their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Craig Hallum upped their price objective on 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Co cut their price objective on WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 164,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $33.66, for a total value of $5,520,240.00. Following the transaction, the chief executive officer now directly owns 2,375,264 shares of the company’s stock, valued at approximately $79,951,386.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 250,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total value of $6,687,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,511,264 shares in the company, valued at $67,176,312. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,033,066 shares of company stock worth $30,620,896. Insiders own 1.50% of the company’s stock.



Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC bought a new stake in Advanced Micro Devices during the 2nd quarter valued at approximately $249,000. G&S Capital LLC boosted its stake in Advanced Micro Devices by 46.1% during the 2nd quarter. G&S Capital LLC now owns 4,436 shares of the semiconductor manufacturer’s stock valued at $135,000 after purchasing an additional 1,399 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Advanced Micro Devices by 13.8% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 37,930 shares of the semiconductor manufacturer’s stock valued at $1,152,000 after purchasing an additional 4,609 shares during the period. Focused Wealth Management Inc bought a new stake in Advanced Micro Devices during the 2nd quarter valued at approximately $73,000. Finally, Commonwealth Equity Services LLC boosted its stake in Advanced Micro Devices by 45.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 235,968 shares of the semiconductor manufacturer’s stock valued at $7,166,000 after purchasing an additional 73,348 shares during the period. Institutional investors own 60.78% of the company’s stock.

NASDAQ:AMD traded down $0.49 during midday trading on Tuesday, reaching $32.51. 44,512,571 shares of the company traded hands, compared to its average volume of 51,872,936. Advanced Micro Devices has a twelve month low of $15.72 and a twelve month high of $34.86. The stock has a market capitalization of $35.16 billion, a price-to-earnings ratio of 92.89, a price-to-earnings-growth ratio of 1.97 and a beta of 3.08. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $31.10.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Micro Devices will post 0.54 earnings per share for the current year.

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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