Advanced Micro Devices (NASDAQ:AMD) Receives New Coverage from Analysts at Nomura

Nomura assumed coverage on shares of Advanced Micro Devices (NASDAQ:AMD) in a research report report published on Tuesday, April 2nd, Stock Target Advisor reports. The brokerage issued a buy rating and a $33.00 price objective on the semiconductor manufacturer’s stock.

A number of other equities research analysts have also recently commented on AMD. Bank of America cut their target price on Advanced Micro Devices from $30.00 to $27.00 and set a buy rating on the stock in a research note on Thursday, December 20th. ValuEngine downgraded Advanced Micro Devices from a strong-buy rating to a buy rating in a report on Friday, March 1st. Daiwa Capital Markets set a $27.00 price target on Advanced Micro Devices and gave the company a buy rating in a report on Saturday, February 2nd. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $18.00 to $20.00 and gave the company an in-line rating in a report on Wednesday, January 30th. Finally, Cowen increased their target price on Advanced Micro Devices from $26.00 to $28.00 and gave the company an outperform rating in a report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $26.91.

Shares of AMD traded up $0.22 during trading hours on Tuesday, reaching $27.88. 47,110,169 shares of the company’s stock traded hands, compared to its average volume of 78,384,914. The company has a market cap of $30.25 billion, a PE ratio of 79.66, a price-to-earnings-growth ratio of 1.77 and a beta of 3.40. Advanced Micro Devices has a 12 month low of $10.77 and a 12 month high of $34.14. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, analysts predict that Advanced Micro Devices will post 0.52 earnings per share for the current year.

In other Advanced Micro Devices news, Director Ahmed Yahia sold 51,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $24.08, for a total transaction of $1,228,080.00. Following the completion of the sale, the director now directly owns 82,806 shares of the company’s stock, valued at approximately $1,993,968.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $27.54, for a total value of $165,240.00. Following the sale, the senior vice president now directly owns 28,979 shares of the company’s stock, valued at $798,081.66. The disclosure for this sale can be found here. Insiders have sold a total of 35,453,166 shares of company stock valued at $830,095,189 over the last three months. 1.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Nepsis Inc. purchased a new position in Advanced Micro Devices during the 1st quarter worth $7,182,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Advanced Micro Devices during the 1st quarter worth $20,795,000. Altman Advisors Inc. purchased a new position in Advanced Micro Devices during the 1st quarter worth $586,000. Oppenheimer & Co. Inc. grew its stake in Advanced Micro Devices by 34.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 144,042 shares of the semiconductor manufacturer’s stock worth $3,676,000 after buying an additional 36,600 shares during the last quarter. Finally, Avalon Advisors LLC grew its stake in Advanced Micro Devices by 14.6% during the 1st quarter. Avalon Advisors LLC now owns 772,673 shares of the semiconductor manufacturer’s stock worth $19,719,000 after buying an additional 98,185 shares during the last quarter. 58.89% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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