Advanced Micro Devices, Inc. (NASDAQ:AMD) has earned a consensus rating of “Hold” from the thirty-three research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.22.

AMD has been the subject of several recent research reports. Goldman Sachs Group upgraded Advanced Micro Devices from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $13.25 to $21.00 in a report on Friday, August 10th. BidaskClub upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. Rosenblatt Securities restated a “buy” rating and set a $30.00 target price (up from $27.00) on shares of Advanced Micro Devices in a report on Thursday, August 23rd. MKM Partners raised their target price on Advanced Micro Devices from $13.50 to $20.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Finally, Cowen raised their target price on Advanced Micro Devices from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, September 4th.

In other news, insider Mark D. Papermaster sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $32.51, for a total value of $1,625,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 175,553 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $21.73, for a total value of $3,814,766.69. Following the completion of the sale, the chief executive officer now directly owns 2,482,683 shares in the company, valued at $53,948,701.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 579,890 shares of company stock worth $13,918,336. Corporate insiders own 1.80% of the company’s stock.

Large investors have recently modified their holdings of the company. Marshall Wace North America L.P. grew its position in Advanced Micro Devices by 13.5% during the third quarter. Marshall Wace North America L.P. now owns 216,384 shares of the semiconductor manufacturer’s stock worth $6,684,000 after buying an additional 25,691 shares in the last quarter. Marshall Wace LLP acquired a new stake in Advanced Micro Devices during the third quarter worth about $2,362,000. Belpointe Asset Management LLC acquired a new stake in Advanced Micro Devices during the third quarter worth about $1,717,000. Legal & General Group Plc grew its position in Advanced Micro Devices by 1.5% during the third quarter. Legal & General Group Plc now owns 3,884,842 shares of the semiconductor manufacturer’s stock worth $120,002,000 after buying an additional 56,775 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its position in Advanced Micro Devices by 13.1% during the third quarter. Standard Life Aberdeen plc now owns 221,268 shares of the semiconductor manufacturer’s stock worth $6,835,000 after buying an additional 25,659 shares in the last quarter. 59.01% of the stock is currently owned by institutional investors.

Shares of NASDAQ:AMD traded down $1.84 during midday trading on Monday, hitting $19.46. 105,511,441 shares of the stock were exchanged, compared to its average volume of 89,171,720. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. Advanced Micro Devices has a 52-week low of $9.04 and a 52-week high of $34.14. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 243.25, a P/E/G ratio of 4.38 and a beta of 3.68.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.10 earnings per share. Advanced Micro Devices’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices will post 0.35 EPS for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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