Rosenblatt Securities Reaffirms Buy Rating for Advanced Micro Devices (NASDAQ:AMD)

Rosenblatt Securities restated their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Tuesday,Benzinga reports. The firm currently has a $250.00 price target on the semiconductor manufacturer’s stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Morgan Stanley cut their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Finally, Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $169.35.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $119.50 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $125.38 and its two-hundred day simple moving average is $140.81. Advanced Micro Devices has a 12 month low of $112.80 and a 12 month high of $227.30. The stock has a market capitalization of $193.93 billion, a P/E ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, analysts predict that Advanced Micro Devices will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently made changes to their positions in the company. Creative Capital Management Investments LLC boosted its holdings in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares in the last quarter. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new position in Advanced Micro Devices during the third quarter valued at $41,000. Finally, Coston McIsaac & Partners boosted its holdings in Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 198 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

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.