Rosenblatt Securities Reiterates “Buy” Rating for Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (NASDAQ:AMD)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a report released on Tuesday,Benzinga reports. They presently have a $250.00 price objective on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price target indicates a potential upside of 118.78% from the stock’s current price.

AMD has been the topic of a number of other reports. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $169.77.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $114.27 on Tuesday. The stock has a market capitalization of $185.44 billion, a PE ratio of 102.95, a P/E/G ratio of 1.03 and a beta of 1.66. Advanced Micro Devices has a 1-year low of $112.80 and a 1-year high of $227.30. The firm has a fifty day simple moving average of $125.92 and a 200 day simple moving average of $141.11. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently added to or reduced their stakes in the business. Creative Capital Management Investments LLC grew its position in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the last quarter. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $41,000. Finally, Coston McIsaac & Partners boosted its stake in shares of Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 198 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.