Advanced Micro Devices (NASDAQ:AMD) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Monday, Benzinga reports. They currently have a $180.00 price target on the semiconductor manufacturer’s stock.

Several other analysts also recently weighed in on AMD. Edward Jones started coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a buy rating for the company. StockNews.com lowered Advanced Micro Devices from a hold rating to a sell rating in a research note on Wednesday, July 31st. Wedbush reiterated an outperform rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Susquehanna reiterated a positive rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, BNP Paribas upgraded Advanced Micro Devices to a strong-buy rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $193.45.

Advanced Micro Devices Stock Up 0.0 %

NASDAQ:AMD opened at $170.97 on Monday. Advanced Micro Devices has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a market cap of $276.34 billion, a price-to-earnings ratio of 251.43, a price-to-earnings-growth ratio of 2.14 and a beta of 1.70. The stock has a fifty day simple moving average of $148.16 and a 200-day simple moving average of $157.76. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices will post 2.56 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Tradewinds Capital Management LLC raised its stake in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the period. ZRC Wealth Management LLC raised its stake in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC raised its stake in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at $27,000. Finally, Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the 4th quarter valued at $28,000. 71.34% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

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.