Advanced Micro Devices (NASDAQ:AMD) Stock Rating Upgraded by HSBC

HSBC upgraded shares of Advanced Micro Devices (NASDAQ:AMD) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat reports. HSBC currently has $225.00 price objective on the semiconductor manufacturer’s stock, up from their prior price objective of $180.00.

Other research analysts also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the company an overweight rating in a research note on Monday, January 29th. Mizuho lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Wedbush reissued an outperform rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, January 31st. KeyCorp increased their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an overweight rating in a report on Wednesday, January 31st. Finally, DZ Bank reiterated a hold rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $185.59.

Advanced Micro Devices Stock Down 5.4 %

Shares of NASDAQ:AMD opened at $146.64 on Tuesday. The company has a market capitalization of $236.99 billion, a price-to-earnings ratio of 282.01, a price-to-earnings-growth ratio of 2.35 and a beta of 1.64. The company has a 50 day moving average of $179.64 and a two-hundred day moving average of $148.58. Advanced Micro Devices has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the business earned $0.54 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last three months. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in AMD. Addison Advisors LLC lifted its position in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the last quarter. Prentice Wealth Management LLC raised its position in shares of Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC increased its stake in Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after purchasing an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC raised its holdings in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 65 shares during the period. 71.34% of the stock is currently owned by institutional investors.

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.