Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received a consensus recommendation of “Hold” from the thirty-three ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.86.

Several equities analysts have weighed in on the stock. Credit Suisse Group lifted their price target on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Vetr downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $13.12 price target on the stock. in a report on Monday, January 29th. MKM Partners lifted their price target 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. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, January 31st. Finally, Argus raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.74 to $18.00 in a report on Thursday, February 1st.

In other Advanced Micro Devices news, insider Mark D. Papermaster sold 34,330 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total value of $364,584.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 75,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $10.00, for a total value of $750,000.00. Following the completion of the transaction, the senior vice president now owns 473,773 shares in the company, valued at approximately $4,737,730. The disclosure for this sale can be found here. Insiders have sold a total of 1,394,119 shares of company stock worth $15,639,964 in the last quarter. Insiders own 1.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. TB Alternative Assets Ltd. purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $956,000. Schwab Charles Investment Management Inc. lifted its holdings in Advanced Micro Devices by 8.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,461,152 shares of the semiconductor manufacturer’s stock valued at $44,130,000 after purchasing an additional 284,051 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $26,194,000. Bank Hapoalim BM purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $651,000. Finally, Quantbot Technologies LP lifted its holdings in Advanced Micro Devices by 36.2% in the 3rd quarter. Quantbot Technologies LP now owns 137,043 shares of the semiconductor manufacturer’s stock valued at $1,747,000 after purchasing an additional 36,408 shares in the last quarter. Institutional investors own 60.99% of the company’s stock.

Advanced Micro Devices (AMD) traded down $0.06 on Tuesday, hitting $11.16. 24,790,005 shares of the company were exchanged, compared to its average volume of 64,435,168. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76. The stock has a market capitalization of $10,790.00, a P/E ratio of 373.33, a price-to-earnings-growth ratio of 4.95 and a beta of 2.70. Advanced Micro Devices has a one year low of $9.70 and a one year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s revenue was up 33.8% compared to the same quarter last year. research analysts predict that Advanced Micro Devices will post 0.3 EPS for the current fiscal year.

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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.

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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