Advanced Micro Devices’ (AMD) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report issued on Tuesday,Benzinga reports. They currently have a $250.00 price target on the semiconductor manufacturer’s stock.

Several other equities research analysts also recently issued reports on the stock. Citigroup lowered their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Susquehanna cut their price target on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Bank of America downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Finally, Roth Mkm restated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.30.

Advanced Micro Devices Stock Performance

AMD stock opened at $110.16 on Tuesday. Advanced Micro Devices has a 1-year low of $106.50 and a 1-year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $178.77 billion, a PE ratio of 99.24, a P/E/G ratio of 1.03 and a beta of 1.65. The business’s 50-day moving average price is $124.53 and its two-hundred day moving average price is $140.39.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of AMD. Creative Capital Management Investments LLC grew its holdings in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $41,000. Institutional investors own 71.34% of the company’s stock.

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.