Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received an average rating of “Buy” from the twenty-nine brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $23.50.

Several brokerages recently issued reports on AMD. Mizuho boosted their target price on shares of Advanced Micro Devices from $20.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. FBN Securities began coverage on shares of Advanced Micro Devices in a research report on Thursday, September 13th. They set an “outperform” rating for the company. Morgan Stanley restated an “underweight” rating and set a $28.00 target price (up from $11.00) on shares of Advanced Micro Devices in a research report on Wednesday, September 19th. Stifel Nicolaus boosted their target price on shares of Advanced Micro Devices from $21.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, September 19th. Finally, Jefferies Financial Group upped their price target on shares of Advanced Micro Devices to $36.00 and gave the stock a “buy” rating in a research report on Friday.

NASDAQ AMD traded up $1.16 during trading hours on Wednesday, hitting $32.18. 6,815,520 shares of the company’s stock traded hands, compared to its average volume of 167,314,224. The company has a current ratio of 1.66, a quick ratio of 1.26 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $30.24 billion, a price-to-earnings ratio of 387.75, a price-to-earnings-growth ratio of 6.13 and a beta of 3.15. Advanced Micro Devices has a 52 week low of $9.04 and a 52 week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. The firm’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. sell-side analysts predict that Advanced Micro Devices will post 0.36 EPS for the current year.

In other news, insider Mark D. Papermaster sold 150,000 shares of the business’s stock in a transaction on Friday, July 6th. The shares were sold at an average price of $15.78, for a total value of $2,367,000.00. Following the transaction, the insider now owns 1,207,949 shares of the company’s stock, valued at $19,061,435.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $32.51, for a total transaction of $2,031,875.00. Following the completion of the transaction, the senior vice president now directly owns 955,790 shares in the company, valued at approximately $31,072,732.90. The disclosure for this sale can be found here. Insiders sold 24,910,400 shares of company stock worth $486,713,146 in the last three months. Insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its stake in Advanced Micro Devices by 36.1% during the first quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock valued at $301,930,000 after purchasing an additional 7,966,623 shares in the last quarter. Northern Trust Corp raised its stake in Advanced Micro Devices by 0.3% during the second quarter. Northern Trust Corp now owns 9,048,989 shares of the semiconductor manufacturer’s stock valued at $135,645,000 after purchasing an additional 27,328 shares in the last quarter. CI Investments Inc. raised its stake in Advanced Micro Devices by 1.4% during the first quarter. CI Investments Inc. now owns 8,715,076 shares of the semiconductor manufacturer’s stock valued at $87,587,000 after purchasing an additional 121,900 shares in the last quarter. Renaissance Technologies LLC raised its stake in Advanced Micro Devices by 541.5% during the second quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock valued at $111,336,000 after purchasing an additional 6,269,500 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Advanced Micro Devices by 84.8% during the second quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock valued at $101,473,000 after purchasing an additional 3,105,441 shares in the last quarter. 65.92% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Micro Devices

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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