Benchmark Reaffirms “Buy” Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They currently have a $170.00 price objective on the semiconductor manufacturer’s stock. Benchmark’s price target would indicate a potential upside of 50.31% from the company’s previous close.

Several other equities research analysts also recently commented on the company. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Argus raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Thursday, February 6th. Susquehanna dropped their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Melius Research restated a “hold” rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Finally, Mizuho lowered their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $113.10 on Tuesday. The company has a 50-day moving average of $120.07 and a 200-day moving average of $138.57. The firm has a market cap of $183.28 billion, a price-to-earnings ratio of 114.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a twelve month low of $106.50 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its 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%. Analysts forecast that Advanced Micro Devices will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred 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. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMD. Vanguard Group Inc. boosted its stake in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. State Street Corp lifted its holdings in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the period. Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after acquiring an additional 835,413 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after acquiring an additional 290,784 shares during the period. Finally, Norges Bank bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $2,867,193,000. 71.34% of the stock is currently 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.