Advanced Micro Devices (NASDAQ:AMD) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a research note published on Monday morning, Benzinga reports. They currently have a $250.00 price objective on the semiconductor manufacturer’s stock.

Several other research firms have also recently commented on AMD. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Bank of America restated a “buy” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 7th. Citigroup boosted their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices Stock Up 2.4 %

AMD stock opened at $159.92 on Monday. The company has a 50 day moving average price of $155.15 and a two-hundred day moving average price of $156.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock has a market capitalization of $258.48 billion, a P/E ratio of 235.18, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices has a one year low of $94.07 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Micro Devices will post 2.56 EPS for the current year.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. purchased a new stake in Advanced Micro Devices during the 1st quarter worth approximately $264,000. LVW Advisors LLC increased its stake in shares of Advanced Micro Devices by 20.2% in the first quarter. LVW Advisors LLC now owns 1,771 shares of the semiconductor manufacturer’s stock worth $320,000 after buying an additional 298 shares during the last quarter. Aviance Capital Partners LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at $363,000. Congress Wealth Management LLC DE boosted its stake in Advanced Micro Devices by 30.8% during the 1st quarter. Congress Wealth Management LLC DE now owns 16,737 shares of the semiconductor manufacturer’s stock valued at $3,021,000 after acquiring an additional 3,945 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its holdings in Advanced Micro Devices by 63.2% during the 1st quarter. AlphaMark Advisors LLC now owns 279 shares of the semiconductor manufacturer’s stock worth $50,000 after acquiring an additional 108 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.