Advanced Micro Devices, Inc. (AMD) Research Coverage Started at Robert W. Baird
Robert W. Baird initiated coverage on shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in a report issued on Wednesday, MarketBeat reports. The brokerage issued an outperform rating and a $20.00 price target on the semiconductor manufacturer’s stock.
AMD has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Canaccord Genuity reiterated a buy rating and set a $17.00 price target on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) assumed coverage on Advanced Micro Devices in a research report on Thursday, April 6th. They set a sell rating and a $11.00 price target for the company. Vetr upgraded Advanced Micro Devices from a buy rating to a strong-buy rating and set a $15.99 price target for the company in a research report on Monday, June 26th. Finally, Zacks Investment Research lowered Advanced Micro Devices from a buy rating to a hold rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $14.10.
Advanced Micro Devices (NASDAQ AMD) opened at 13.95 on Wednesday. The stock’s market capitalization is $13.18 billion. The firm’s 50-day moving average is $13.28 and its 200-day moving average is $12.67. Advanced Micro Devices has a 52-week low of $5.66 and a 52-week high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Analysts predict that Advanced Micro Devices will post $0.10 earnings per share for the current year.
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In other Advanced Micro Devices news, CEO Lisa T. Su sold 87,500 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $10.24, for a total value of $896,000.00. Following the transaction, the chief executive officer now owns 1,429,540 shares in the company, valued at $14,638,489.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total value of $963,750.00. Following the completion of the transaction, the senior vice president now owns 600,301 shares in the company, valued at approximately $9,256,641.42. The disclosure for this sale can be found here. Insiders have sold 680,978 shares of company stock worth $8,115,227 over the last three months. 1.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Nisa Investment Advisors LLC increased its position in shares of Advanced Micro Devices by 39.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 3,200 shares during the period. DnB Asset Management AS purchased a new position in shares of Advanced Micro Devices during the first quarter worth approximately $1,111,000. Gateway Investment Advisers LLC increased its position in shares of Advanced Micro Devices by 179.6% in the first quarter. Gateway Investment Advisers LLC now owns 506,158 shares of the semiconductor manufacturer’s stock worth $7,365,000 after buying an additional 325,108 shares during the period. Telemus Capital LLC purchased a new position in shares of Advanced Micro Devices during the first quarter worth approximately $291,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Advanced Micro Devices during the first quarter worth approximately $237,000. Hedge funds and other institutional investors own 56.93% of the company’s stock.
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.
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