Advanced Micro Devices, Inc. (NASDAQ:AMD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have earned a consensus recommendation of “Moderate Buy” from the forty-four brokerages that are presently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation, thirty have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $388.8378.

A number of equities analysts have recently weighed in on the company. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a report on Wednesday. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Zacks Research upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Evercore reiterated an “outperform” rating and issued a $358.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 24th.

Advanced Micro Devices Price Performance

Shares of AMD opened at $455.19 on Friday. The company has a market capitalization of $742.23 billion, a price-to-earnings ratio of 149.24, a P/E/G ratio of 1.26 and a beta of 2.40. Advanced Micro Devices has a fifty-two week low of $101.60 and a fifty-two week high of $456.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 2.01. The business’s 50-day moving average is $243.98 and its 200-day moving average is $231.76.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Equities research analysts expect that Advanced Micro Devices will post 5.95 EPS for the current fiscal year.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: AMD’s latest earnings and guidance continue to fuel the rally, with the company beating expectations and highlighting strong data-center/AI demand. AMD, Micron shares surge on a big day for chip-sector outperformance
• Positive Sentiment: Analysts are getting more bullish after earnings, including new or raised price targets and higher EPS estimates that suggest further upside if AI server CPU demand stays strong. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target
• Positive Sentiment: Wall Street commentary suggests the AI opportunity is broadening from GPUs to CPUs, which helps position AMD as a key beneficiary of the next phase of AI infrastructure spending. Wall Street sees ‘changing of the guard in AI’ as Intel, AMD shares soar while Nvidia lags
• Neutral Sentiment: Coverage also notes that AMD shares are drawing attention from traders and momentum investors after the stock’s sharp run, which could keep volatility elevated. What Is AMD Stock’s Minimum & Maximum Potential After Earnings?
• Negative Sentiment: Some investors are locking in gains after the huge rally, including Cathie Wood/ARK trimming AMD holdings, which may cap near-term upside. Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here’s Why.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president owned 289,098 shares in the company, valued at approximately $62,679,337.38. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $214.36, for a total value of $26,795,000.00. Following the completion of the transaction, the chief executive officer owned 3,152,476 shares in the company, valued at $675,764,755.36. This represents a 3.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 304,672 shares of company stock worth $70,135,070. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in Advanced Micro Devices by 5.6% in the first quarter. PNC Financial Services Group Inc. now owns 398,119 shares of the semiconductor manufacturer’s stock worth $80,989,000 after buying an additional 21,176 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new position in Advanced Micro Devices in the first quarter worth approximately $1,368,000. Burling Wealth Partners LLC increased its holdings in Advanced Micro Devices by 1.5% in the first quarter. Burling Wealth Partners LLC now owns 4,883 shares of the semiconductor manufacturer’s stock worth $993,000 after buying an additional 74 shares during the last quarter. Andra AP fonden increased its holdings in Advanced Micro Devices by 230.4% in the first quarter. Andra AP fonden now owns 316,188 shares of the semiconductor manufacturer’s stock worth $64,322,000 after buying an additional 220,492 shares during the last quarter. Finally, Wilkerson Advisory Group LLC increased its holdings in Advanced Micro Devices by 72.3% in the first quarter. Wilkerson Advisory Group LLC now owns 267 shares of the semiconductor manufacturer’s stock worth $54,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.