Brokerages Set Advanced Micro Devices, Inc. (NASDAQ:AMD) PT at $133.23

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have earned an average rating of “Moderate Buy” from the thirty-eight research firms that are presently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $134.61.

AMD has been the subject of several research reports. KeyCorp cut Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 8th. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Friday, June 13th. Melius Research set a $110.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, April 30th. Finally, Mizuho increased their price target on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th.

Advanced Micro Devices Stock Up 0.6%

NASDAQ AMD opened at $127.10 on Wednesday. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $187.28. The stock has a market cap of $206.08 billion, a PE ratio of 93.46, a PEG ratio of 1.61 and a beta of 1.99. The firm has a 50-day simple moving average of $106.08 and a 200 day simple moving average of $111.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the company earned $0.62 EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has initiated a stock repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $31,000. 71.34% of the stock is 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.