Advanced Micro Devices (NASDAQ:AMD) Receives Buy Rating from Rosenblatt Securities
Rosenblatt Securities has reiterated a "buy" rating for Advanced Micro Devices (NASDAQ:AMD) with a target price of $200.00, indicating a potential upside of 102.80%. Other analysts have varied opinions, with price targets ranging from $95.00 to $175.00. AMD's stock opened at $98.62, with a market cap of $159.40 billion and a P/E ratio of 99.62. The company reported a quarterly EPS of $0.96, exceeding estimates, and a revenue of $7.44 billion, up 35.9% year-over-year. Insider trading activity includes both sales and purchases by executives.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $200.00 price target on the semiconductor manufacturer's stock. Rosenblatt Securities' price objective suggests a potential upside of 102.80% from the stock's current price.
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A number of other equities analysts have also weighed in on the company. Loop Capital started coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective for the company. Sanford C. Bernstein reduced their price target on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. TD Cowen upped their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Argus set a $160.00 price target on shares of Advanced Micro Devices in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $138.07.
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Advanced Micro Devices Trading Down 2.0 %
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Advanced Micro Devices stock opened at $98.62 on Wednesday. The stock has a 50-day moving average price of $97.29 and a 200 day moving average price of $117.51. The company has a market capitalization of $159.40 billion, a price-to-earnings ratio of 99.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Sell-side analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current year.
Insider Buying and Selling
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In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Advanced Micro Devices
Institutional investors and hedge funds have recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $65,897,000. Enzi Wealth purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $569,000. Welch Group LLC lifted its stake in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after purchasing an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC boosted its position in shares of Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after buying an additional 145,067 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after buying an additional 588,595 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Company Profile
(Get Free Report)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.
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