Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a report released on Sunday, MarketBeat.com reports. They presently have a $44.00 price objective on the semiconductor manufacturer’s stock, up from their previous price objective of $43.00. Royal Bank of Canada’s target price suggests a potential upside of 40.44% from the stock’s previous close.
AMD has been the subject of a number of other reports. MKM Partners boosted their price target on shares of Advanced Micro Devices to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Benchmark initiated coverage on shares of Advanced Micro Devices in a report on Thursday, August 1st. They set a “hold” rating for the company. Morgan Stanley lifted their price objective on shares of Advanced Micro Devices from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, Citigroup set a $8.00 price objective on shares of Advanced Micro Devices and gave the stock a “sell” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.54.
Advanced Micro Devices stock traded up $1.66 during mid-day trading on Friday, reaching $31.33. The company’s stock had a trading volume of 37,502,881 shares, compared to its average volume of 71,279,000. The firm’s fifty day moving average price is $32.11 and its two-hundred day moving average price is $28.02. The company has a market capitalization of $34.86 billion, a P/E ratio of 89.52, a PEG ratio of 2.73 and a beta of 3.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08. Advanced Micro Devices has a 12-month low of $16.03 and a 12-month high of $35.55.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. On average, research analysts predict that Advanced Micro Devices will post 0.5 EPS for the current fiscal year.
In other Advanced Micro Devices news, Director Nora Denzel sold 31,737 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $34.29, for a total value of $1,088,261.73. Following the transaction, the director now owns 152,899 shares in the company, valued at $5,242,906.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total transaction of $170,340.00. Following the completion of the transaction, the senior vice president now owns 22,979 shares in the company, valued at approximately $652,373.81. The disclosure for this sale can be found here. Insiders sold 1,878,524 shares of company stock worth $60,911,813 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC purchased a new stake in Advanced Micro Devices in the first quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Advanced Micro Devices in the first quarter worth about $26,000. Advisory Alpha LLC purchased a new stake in Advanced Micro Devices in the first quarter worth about $26,000. Peddock Capital Advisors LLC grew its holdings in Advanced Micro Devices by 151.5% in the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 615 shares during the period. Finally, Berman Capital Advisors LLC grew its holdings in Advanced Micro Devices by 99.4% in the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 537 shares during the period. Institutional investors own 60.38% of the company’s stock.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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