Cowen Reiterates “Outperform” Rating for Advanced Micro Devices (NASDAQ:AMD)

Share on StockTwits

Cowen reissued their outperform rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note published on Monday, Briefing.com Automated Import reports. They currently have a $47.00 price target on the semiconductor manufacturer’s stock, up from their prior price target of $40.00.

Several other equities research analysts have also commented on the stock. Craig Hallum lowered shares of Advanced Micro Devices from a buy rating to a hold rating and set a $33.00 price target for the company. in a report on Wednesday, July 31st. Wells Fargo & Co restated a buy rating on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup restated a sell rating on shares of Advanced Micro Devices in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $25.00 to $33.00 and gave the company a neutral rating in a report on Wednesday, July 31st. Finally, UBS Group boosted their price target on shares of Advanced Micro Devices from $31.00 to $34.00 and gave the company a neutral rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $35.68.

Advanced Micro Devices stock traded up $1.41 during trading hours on Monday, hitting $41.29. The company had a trading volume of 94,236,096 shares, compared to its average volume of 68,674,211. The firm has a market cap of $42.94 billion, a P/E ratio of 117.97, a P/E/G ratio of 3.47 and a beta of 3.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.54 and a current ratio of 2.10. Advanced Micro Devices has a 1 year low of $16.03 and a 1 year high of $41.79. The company has a 50-day moving average price of $32.97 and a two-hundred day moving average price of $31.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. Advanced Micro Devices had a net margin of 3.47% and a return on equity of 16.54%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices will post 0.46 EPS for the current year.

In related news, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total transaction of $187,800.00. Following the completion of the transaction, the senior vice president now owns 33,113 shares in the company, valued at approximately $1,036,436.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Devinder Kumar sold 128,241 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $31.63, for a total transaction of $4,056,262.83. Following the transaction, the chief financial officer now owns 603,253 shares in the company, valued at approximately $19,080,892.39. The disclosure for this sale can be found here. In the last quarter, insiders have sold 703,854 shares of company stock valued at $22,670,468. 1.50% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. FinTrust Capital Advisors LLC increased its stake in Advanced Micro Devices by 177.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 887 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 567 shares in the last quarter. Trust Co. of Vermont increased its stake in Advanced Micro Devices by 1,153.8% during the 3rd quarter. Trust Co. of Vermont now owns 978 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 900 shares in the last quarter. First PREMIER Bank acquired a new position in Advanced Micro Devices during the 2nd quarter valued at approximately $30,000. Doyle Wealth Management acquired a new position in Advanced Micro Devices during the 2nd quarter valued at approximately $31,000. Finally, Ropes Wealth Advisors LLC increased its stake in Advanced Micro Devices by 182.9% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,160 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 63.99% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Read More: Investing in Growth Stocks

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

La Jolla Pharmaceutical  Trading 19.6% Higher
La Jolla Pharmaceutical Trading 19.6% Higher
Edison Nation  Sees Large Volume Increase
Edison Nation Sees Large Volume Increase
Lexicon Pharmaceuticals  Trading 14.2% Higher
Lexicon Pharmaceuticals Trading 14.2% Higher
AVITA MED LTD/S  Trading Up 9.2%
AVITA MED LTD/S Trading Up 9.2%
Direxion Daily Natural Gas Related Bull 3X Shares  Trading Up 11.1%
Direxion Daily Natural Gas Related Bull 3X Shares Trading Up 11.1%
FABRK  Market Cap Hits $41.30 Million
FABRK Market Cap Hits $41.30 Million


© 2006-2019 Ticker Report