Advanced Micro Devices (NASDAQ:AMD) Receives Outperform Rating from Wedbush

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “outperform” rating reissued by Wedbush in a research note issued on Wednesday,RTT News reports. They currently have a $150.00 price target on the semiconductor manufacturer’s stock. Wedbush’s price objective indicates a potential upside of 35.16% from the company’s current price.

AMD has been the subject of a number of other reports. TD Cowen cut their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday. HSBC reiterated a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. UBS Group decreased their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Barclays cut their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.04.

Advanced Micro Devices Stock Down 7.1 %

NASDAQ:AMD traded down $8.52 during mid-day trading on Wednesday, reaching $110.98. The stock had a trading volume of 76,265,581 shares, compared to its average volume of 41,553,195. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The business’s 50 day moving average is $125.02 and its 200 day moving average is $140.59. The stock has a market cap of $180.10 billion, a P/E ratio of 99.98, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share 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, sell-side analysts predict that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction 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 $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Creative Capital Management Investments LLC raised its position in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the period. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $32,000. Finally, Compass Financial Services Inc purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth $39,000. 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.