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

Advanced Micro Devices (NASDAQ:AMD) was upgraded by equities research analysts at DZ Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has a $190.00 target price on the semiconductor manufacturer’s stock. DZ Bank’s target price would suggest a potential upside of 23.68% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna reduced their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a report on Monday, April 29th. Finally, Barclays raised their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $183.94.

Advanced Micro Devices Trading Down 0.5 %

Shares of Advanced Micro Devices stock opened at $153.62 on Tuesday. The stock has a market cap of $248.30 billion, a PE ratio of 225.91, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The firm has a fifty day moving average price of $174.53 and a 200 day moving average price of $153.23. Advanced Micro Devices has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during 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 revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Equities research analysts predict that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 in the last 90 days. Insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently added to or reduced their stakes in AMD. Hudson Value Partners LLC grew its position in Advanced Micro Devices by 6.1% in the 1st quarter. Hudson Value Partners LLC now owns 14,447 shares of the semiconductor manufacturer’s stock valued at $2,608,000 after acquiring an additional 837 shares in the last quarter. Dearborn Partners LLC boosted its stake in shares of Advanced Micro Devices by 15.4% in the first quarter. Dearborn Partners LLC now owns 2,861 shares of the semiconductor manufacturer’s stock valued at $516,000 after purchasing an additional 382 shares during the period. Patton Fund Management Inc. acquired a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $5,804,000. Koshinski Asset Management Inc. increased its stake in Advanced Micro Devices by 30.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,562 shares of the semiconductor manufacturer’s stock worth $1,004,000 after buying an additional 1,313 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Advanced Micro Devices by 9.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,235,836 shares of the semiconductor manufacturer’s stock worth $764,526,000 after buying an additional 382,397 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.