Advanced Micro Devices (NASDAQ:AMD) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI started coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set an “outperform” rating and a $200.00 price target on the semiconductor manufacturer’s stock. Evercore ISI’s price objective points to a potential upside of 24.75% from the stock’s current price.

Several other research firms have also recently issued reports on AMD. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Morgan Stanley boosted their target price on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Truist Financial boosted their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. 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. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $185.15.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $160.32 on Tuesday. The stock has a market capitalization of $259.10 billion, a PE ratio of 308.31, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. Advanced Micro Devices has a 52-week low of $81.02 and a 52-week high of $227.30. The stock’s 50-day moving average price is $180.87 and its 200 day moving average price is $147.77. 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 (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s quarterly 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 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. In the last three months, insiders sold 324,943 shares of company stock worth $59,919,994. Insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the stock. Addison Advisors LLC boosted its position in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the last quarter. Prentice Wealth Management LLC boosted its position in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares during the last quarter. Schear Investment Advisers LLC boosted its position in Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after buying an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC boosted its position in Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 65 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.