Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned a consensus rating of “Hold” from the thirty-three ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.22.

A number of research analysts recently weighed in on the stock. Craig Hallum lifted their price objective on shares of Advanced Micro Devices from $21.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. Robert W. Baird restated a “hold” rating and issued a $25.00 price objective on shares of Advanced Micro Devices in a report on Friday, November 2nd. BidaskClub cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Cowen dropped their price objective on shares of Advanced Micro Devices from $33.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices to $18.00 and gave the company a “neutral” rating in a report on Friday, October 26th.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction on Monday, November 12th. The shares were sold at an average price of $19.78, for a total value of $1,236,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Devinder Kumar sold 41,213 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $21.25, for a total transaction of $875,776.25. The disclosure for this sale can be found here. Insiders have sold a total of 579,890 shares of company stock valued at $13,918,336 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of AMD. Swedbank purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at $152,865,000. Norinchukin Bank The raised its position in Advanced Micro Devices by 18.2% in the 3rd quarter. Norinchukin Bank The now owns 110,344 shares of the semiconductor manufacturer’s stock valued at $3,409,000 after purchasing an additional 16,991 shares during the last quarter. State of Wisconsin Investment Board raised its position in Advanced Micro Devices by 7.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 1,061,554 shares of the semiconductor manufacturer’s stock valued at $15,913,000 after purchasing an additional 73,081 shares during the last quarter. OmniStar Financial Group Inc. purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at $316,000. Finally, Barometer Capital Management Inc. purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at $3,265,000. Institutional investors and hedge funds own 59.01% of the company’s stock.

Shares of AMD stock traded down $0.08 during trading on Monday, reaching $21.04. The company’s stock had a trading volume of 1,616,086 shares, compared to its average volume of 94,675,152. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.76. The stock has a market capitalization of $21.11 billion, a P/E ratio of 266.25, a price-to-earnings-growth ratio of 4.34 and a beta of 3.68. Advanced Micro Devices has a 1-year low of $9.04 and a 1-year high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, research analysts forecast that Advanced Micro Devices will post 0.35 EPS for the current fiscal year.

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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