Brokerages Set Advanced Micro Devices, Inc. (NASDAQ:AMD) PT at $152.72

Advanced Micro Devices, Inc. (NASDAQ:AMD) has received an average recommendation of “Moderate Buy” from the thirty-two analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, eighteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $152.72.

A number of research firms have recently issued reports on AMD. UBS Group set a $175.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. TD Cowen cut their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Loop Capital started coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $102.78 on Friday. The stock has a market cap of $166.55 billion, a P/E ratio of 103.82, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices has a twelve month low of $94.73 and a twelve month high of $187.28. The stock has a 50 day moving average of $108.62 and a two-hundred day moving average of $130.00. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts forecast that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in AMD. Cullen Investment Group LTD. boosted its holdings in shares of Advanced Micro Devices by 6.1% in the 1st quarter. Cullen Investment Group LTD. now owns 19,558 shares of the semiconductor manufacturer’s stock valued at $2,009,000 after purchasing an additional 1,126 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Advanced Micro Devices by 16.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 5,440 shares of the semiconductor manufacturer’s stock valued at $559,000 after acquiring an additional 766 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $50,000. Prostatis Group LLC increased its stake in Advanced Micro Devices by 6.8% during the fourth quarter. Prostatis Group LLC now owns 3,026 shares of the semiconductor manufacturer’s stock worth $366,000 after acquiring an additional 192 shares during the last quarter. Finally, Fairtree Asset Management Pty Ltd purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $660,000. 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.