Advanced Micro Devices (NASDAQ:AMD) Upgraded by Loop Capital to “Strong-Buy” Rating

Loop Capital upgraded shares of Advanced Micro Devices (NASDAQ:AMD) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

A number of other brokerages also recently commented on AMD. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday. HSBC reaffirmed a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Citigroup lowered their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.68.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $116.09 on Monday. The firm has a market cap of $188.39 billion, a PE ratio of 104.59, a PEG ratio of 1.88 and a beta of 1.66. Advanced Micro Devices has a 12 month low of $114.41 and a 12 month high of $227.30. The stock has a 50 day moving average of $131.60 and a 200 day moving average of $145.95. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, research analysts expect that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Carnegie Investment Counsel lifted its stake in shares of Advanced Micro Devices by 3.6% in the 4th quarter. Carnegie Investment Counsel now owns 41,618 shares of the semiconductor manufacturer’s stock valued at $5,027,000 after purchasing an additional 1,449 shares during the period. Beech Hill Advisors Inc. increased its holdings in Advanced Micro Devices by 320.2% in the fourth quarter. Beech Hill Advisors Inc. now owns 9,140 shares of the semiconductor manufacturer’s stock valued at $1,104,000 after buying an additional 6,965 shares in the last quarter. Sanders Morris Harris LLC raised its position in shares of Advanced Micro Devices by 62.2% in the fourth quarter. Sanders Morris Harris LLC now owns 47,982 shares of the semiconductor manufacturer’s stock worth $5,821,000 after acquiring an additional 18,407 shares during the period. Mirador Capital Partners LP boosted its stake in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Mirador Capital Partners LP now owns 25,737 shares of the semiconductor manufacturer’s stock worth $3,109,000 after acquiring an additional 174 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 23.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,335 shares of the semiconductor manufacturer’s stock worth $1,248,000 after acquiring an additional 1,942 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.