Advanced Micro Devices (AMD) Earns Outperform Rating from Analysts at FBN Securities

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Research analysts at FBN Securities began coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report issued on Thursday, MarketBeat.com reports. The brokerage set an “outperform” rating on the semiconductor manufacturer’s stock.

A number of other equities analysts also recently weighed in on AMD. UBS Group raised Advanced Micro Devices to a “neutral” rating in a research report on Wednesday, May 16th. Susquehanna Bancshares raised Advanced Micro Devices from a “negative” rating to a “neutral” rating and set a $13.87 price target on the stock in a research report on Wednesday, May 16th. Cowen initiated coverage on Advanced Micro Devices in a research report on Thursday, May 17th. They set an “outperform” rating and a $18.00 price target on the stock. BidaskClub raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Saturday, May 19th. Finally, Stifel Nicolaus boosted their price target on Advanced Micro Devices from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.72.

Shares of NASDAQ AMD opened at $31.93 on Thursday. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 399.13, a price-to-earnings-growth ratio of 6.47 and a beta of 3.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.26 and a current ratio of 1.66. Advanced Micro Devices has a twelve month low of $9.04 and a twelve month high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. The business’s revenue was up 52.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. analysts anticipate that Advanced Micro Devices will post 0.36 earnings per share for the current fiscal year.

In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $19.49, for a total value of $1,218,125.00. Following the completion of the sale, the senior vice president now directly owns 643,772 shares in the company, valued at $12,547,116.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Devinder Kumar sold 113,519 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $19.37, for a total value of $2,198,863.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,872,900 shares of company stock valued at $484,233,271. 1.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. OppenheimerFunds Inc. raised its position in Advanced Micro Devices by 36.1% during the first quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock valued at $301,930,000 after purchasing an additional 7,966,623 shares in the last quarter. Renaissance Technologies LLC raised its position in Advanced Micro Devices by 541.5% during the second quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock valued at $111,336,000 after purchasing an additional 6,269,500 shares in the last quarter. Millennium Management LLC raised its position in Advanced Micro Devices by 1,311.0% during the first quarter. Millennium Management LLC now owns 6,700,103 shares of the semiconductor manufacturer’s stock valued at $67,336,000 after purchasing an additional 6,225,267 shares in the last quarter. Eagle Asset Management Inc. raised its position in Advanced Micro Devices by 84.8% during the second quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock valued at $101,473,000 after purchasing an additional 3,105,441 shares in the last quarter. Finally, Carillon Tower Advisers Inc. raised its position in Advanced Micro Devices by 107.7% during the second quarter. Carillon Tower Advisers Inc. now owns 5,432,501 shares of the semiconductor manufacturer’s stock valued at $81,432,000 after purchasing an additional 2,816,360 shares in the last quarter. Institutional investors and hedge funds own 65.93% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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