Advanced Micro Devices (NASDAQ:AMD) Research Coverage Started at Evercore ISI

Evercore ISI assumed coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report released on Tuesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $200.00 price objective on the semiconductor manufacturer’s stock.

Several other research firms also recently weighed in on AMD. Rosenblatt Securities reiterated a buy rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Bank of America increased their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a buy rating in a research report on Monday, January 29th. DZ Bank reiterated a hold rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Raymond James downgraded Advanced Micro Devices from a strong-buy rating to an outperform rating and increased their target price for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Finally, TD Cowen increased their target price on Advanced Micro Devices from $130.00 to $185.00 and gave the stock an outperform rating in a research report on Thursday, January 18th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $185.59.

Advanced Micro Devices Stock Up 0.7 %

Shares of NASDAQ:AMD opened at $155.08 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52-week low of $81.02 and a 52-week high of $227.30. The stock’s fifty day simple moving average is $180.16 and its 200-day simple moving average is $148.28. The company has a market capitalization of $250.63 billion, a P/E ratio of 298.24, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the business earned $0.54 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 in the last quarter. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% in the 1st quarter. SeaCrest Wealth Management LLC now owns 35,704 shares of the semiconductor manufacturer’s stock worth $6,444,000 after purchasing an additional 451 shares during the last quarter. Naviter Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 10.6% in the 1st quarter. Naviter Wealth LLC now owns 9,630 shares of the semiconductor manufacturer’s stock worth $1,738,000 after purchasing an additional 921 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Advanced Micro Devices by 18.5% in the 1st quarter. State of Michigan Retirement System now owns 913,140 shares of the semiconductor manufacturer’s stock worth $164,813,000 after purchasing an additional 142,400 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $286,000. Finally, Synergy Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 8.1% in the 1st quarter. Synergy Asset Management LLC now owns 26,697 shares of the semiconductor manufacturer’s stock worth $4,819,000 after purchasing an additional 1,997 shares during the last quarter. 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.