Research Analysts’ Weekly Ratings Updates for Advanced Micro Devices (AMD)

Advanced Micro Devices (NASDAQ: AMD) has recently received a number of price target changes and ratings updates:

  • 3/14/2018 – Advanced Micro Devices was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/13/2018 – Advanced Micro Devices had its “positive” rating reaffirmed by analysts at Bank of America Corp. They now have a $11.52 price target on the stock, down previously from $18.00.
  • 3/8/2018 – Advanced Micro Devices was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $13.62 price target on the stock.
  • 3/7/2018 – Advanced Micro Devices was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 2/27/2018 – Advanced Micro Devices was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $13.77 price target on the stock.
  • 2/14/2018 – Advanced Micro Devices was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $13.61 price target on the stock.
  • 2/5/2018 – Advanced Micro Devices was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMD is benefiting from strong graphics processor unit (GPU) sales. AMD provided an encouraging first-quarter revenue guidance, primarily driven by robust performance of the company’s product portfolio comprising Ryzen CPU, EPYC and Radeon Vega GPUs. AMD’s release of Vega-based GPUs and increasing demand for its Polaris products in both gaming and blockchain industries were positives. Moreover, strong adoption of EPYC server processors is a growth driver. Additionally, better performance of the recently launched Radeon RX Vega family of GPUs aimed at gaming enthusiasts is anticipated to be beneficial for the company. Further, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are other positive. Notably, AMD has outperformed the industry it belongs to in the last three months. However, stiff competition from the likes of NVIDIA remains a concern.”
  • 2/5/2018 – Advanced Micro Devices was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $13.28 price target on the stock.
  • 2/1/2018 – Advanced Micro Devices was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock, up previously from $13.74.
  • 1/31/2018 – Advanced Micro Devices had its price target raised by analysts at Credit Suisse Group AG from $12.00 to $13.50. They now have a “neutral” rating on the stock.
  • 1/31/2018 – Advanced Micro Devices was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “AMD reported stellar fourth-quarter results and provided an encouraging first-quarter revenue guidance, primarily driven by robust performance of the company’s product portfolio comprising Ryzen CPU, EPYC and Radeon Vega GPUs. The company is benefiting from strong graphics processor unit (GPU) sales. AMD’s release of Vega-based GPUs and increasing demand for its Polaris products in both gaming and blockchain industries were positives. Moreover, strong adoption of EPYC server processors is a growth driver. Additionally, better performance of the recently launched Radeon RX Vega family of GPUs aimed at gaming enthusiasts is anticipated to be beneficial for the company. Further, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are other positive. Notably, AMD has outperformed the industry it belongs to in the last three months. However, stiff competition from the likes of NVIDIA remains a concern.”
  • 1/29/2018 – Advanced Micro Devices was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $13.12 price target on the stock.
  • 1/29/2018 – Advanced Micro Devices had its price target raised by analysts at MKM Partners from $13.00 to $14.50. They now have a “buy” rating on the stock.
  • 1/25/2018 – Advanced Micro Devices was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $13.47 price target on the stock.
  • 1/19/2018 – Advanced Micro Devices was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $13.85 price target on the stock.

Advanced Micro Devices, Inc. (AMD) opened at $11.43 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $9.70 and a 12 month high of $15.65. The stock has a market capitalization of $11,115.94, a PE ratio of 381.00, a PEG ratio of 4.96 and a beta of 2.73. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76.

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Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.3 EPS for the current fiscal year.

In other news, CEO Lisa T. Su sold 87,530 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $929,568.60. Following the transaction, the chief executive officer now directly owns 2,075,903 shares of the company’s stock, valued at $22,046,089.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark D. Papermaster sold 34,330 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total value of $364,584.60. The disclosure for this sale can be found here. Insiders have sold 1,418,240 shares of company stock worth $16,750,368 over the last ninety days. Insiders own 1.60% of the company’s stock.

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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