Advanced Micro Devices (NASDAQ:AMD) Rating Increased to Positive at Susquehanna Bancshares

Susquehanna Bancshares upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a neutral rating to a positive rating in a research report released on Wednesday, BenzingaRatingsTable reports. Susquehanna Bancshares currently has $85.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $64.00.

Other research analysts have also issued research reports about the stock. Wedbush raised their price objective on shares of Advanced Micro Devices from $60.00 to $75.00 and gave the company an outperform rating in a research note on Monday, July 27th. Mizuho reiterated a buy rating and issued a $77.00 price target (up previously from $59.00) on shares of Advanced Micro Devices in a research note on Tuesday. BidaskClub downgraded shares of Advanced Micro Devices from a buy rating to a hold rating in a research note on Tuesday, June 9th. Nomura lifted their price target on shares of Advanced Micro Devices from $58.00 to $64.00 and gave the stock a buy rating in a research note on Wednesday, April 29th. Finally, Bank of America lifted their price target on shares of Advanced Micro Devices from $65.00 to $77.00 and gave the stock a buy rating in a research note on Monday, July 27th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have issued a buy rating to the company. Advanced Micro Devices presently has a consensus rating of Hold and an average price target of $68.97.

Advanced Micro Devices stock opened at $77.43 on Wednesday. Advanced Micro Devices has a 12-month low of $27.43 and a 12-month high of $78.96. The stock has a market cap of $91.81 billion, a P/E ratio of 146.10, a PEG ratio of 2.05 and a beta of 2.14. The company has a 50-day moving average price of $56.61 and a 200 day moving average price of $51.94. The company has a current ratio of 2.10, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Advanced Micro Devices had a net margin of 7.96% and a return on equity of 28.66%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices will post 0.83 EPS for the current year.

In other news, EVP Mark D. Papermaster sold 43,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $52.90, for a total transaction of $2,274,700.00. Following the transaction, the executive vice president now directly owns 1,378,280 shares of the company’s stock, valued at approximately $72,911,012. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $55.41, for a total transaction of $8,311,500.00. Following the transaction, the chief executive officer now directly owns 2,753,670 shares in the company, valued at $152,580,854.70. The disclosure for this sale can be found here. Insiders sold a total of 461,000 shares of company stock worth $25,381,930 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors boosted its position in shares of Advanced Micro Devices by 69.1% in the 1st quarter. Capital World Investors now owns 47,990,133 shares of the semiconductor manufacturer’s stock worth $2,182,597,000 after buying an additional 19,615,477 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Advanced Micro Devices by 9.4% in the 1st quarter. Geode Capital Management LLC now owns 19,489,112 shares of the semiconductor manufacturer’s stock worth $884,798,000 after buying an additional 1,680,707 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Advanced Micro Devices by 3.4% in the 1st quarter. Nuveen Asset Management LLC now owns 10,690,904 shares of the semiconductor manufacturer’s stock worth $486,223,000 after buying an additional 347,213 shares in the last quarter. Norges Bank purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $407,296,000. Finally, Fisher Asset Management LLC purchased a new stake in shares of Advanced Micro Devices in the 1st quarter worth about $324,394,000. Institutional investors and hedge funds own 69.37% of the company’s stock.

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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