Advanced Micro Devices’ (AMD) Positive Rating Reiterated at Susquehanna

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “positive” rating reiterated by investment analysts at Susquehanna in a research note issued on Thursday, Benzinga reports. They currently have a $200.00 target price on the semiconductor manufacturer’s stock. Susquehanna’s price objective points to a potential upside of 41.63% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Truist Financial cut their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. UBS Group dropped their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 target price for the company. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $194.97.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $3.42 during trading on Thursday, reaching $141.21. The company’s stock had a trading volume of 40,668,906 shares, compared to its average volume of 63,538,289. The stock has a market capitalization of $228.24 billion, a PE ratio of 208.52, a P/E/G ratio of 1.78 and a beta of 1.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm has a fifty day moving average of $164.09 and a 200 day moving average of $168.36. Advanced Micro Devices has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. Analysts expect that Advanced Micro Devices will post 2.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. Spirit of America Management Corp NY lifted its position in shares of Advanced Micro Devices by 6.2% in the second quarter. Spirit of America Management Corp NY now owns 6,900 shares of the semiconductor manufacturer’s stock valued at $1,119,000 after acquiring an additional 400 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its position in shares of Advanced Micro Devices by 3.5% in the second quarter. Moody Lynn & Lieberson LLC now owns 46,944 shares of the semiconductor manufacturer’s stock valued at $7,615,000 after acquiring an additional 1,581 shares in the last quarter. Vivid Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 156.3% in the second quarter. Vivid Wealth Management LLC now owns 12,290 shares of the semiconductor manufacturer’s stock valued at $1,994,000 after acquiring an additional 7,494 shares in the last quarter. Institute for Wealth Management LLC. lifted its position in shares of Advanced Micro Devices by 0.7% in the second quarter. Institute for Wealth Management LLC. now owns 31,005 shares of the semiconductor manufacturer’s stock valued at $5,029,000 after acquiring an additional 216 shares in the last quarter. Finally, Washburn Capital Management Inc. lifted its position in shares of Advanced Micro Devices by 6.0% in the second quarter. Washburn Capital Management Inc. now owns 4,877 shares of the semiconductor manufacturer’s stock worth $791,000 after buying an additional 274 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through 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.