Advanced Micro Devices (NASDAQ:AMD) PT Set at $30.00 by Credit Suisse Group

Advanced Micro Devices (NASDAQ:AMD) has been given a $30.00 price target by investment analysts at Credit Suisse Group in a research report issued on Wednesday, The Fly reports. The brokerage presently has a “neutral” rating on the semiconductor manufacturer’s stock. Credit Suisse Group’s price target indicates a potential upside of 0.47% from the stock’s previous close. The analysts noted that the move was a valuation call.

AMD has been the subject of a number of other research reports. Deutsche Bank reissued a “hold” rating and issued a $29.00 target price (up previously from $25.00) on shares of Advanced Micro Devices in a research report on Tuesday. Morgan Stanley boosted their target price on Advanced Micro Devices from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group boosted their target price on Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Wedbush boosted their target price on Advanced Micro Devices from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Bank of America boosted their target price on Advanced Micro Devices from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Advanced Micro Devices currently has an average rating of “Hold” and an average target price of $31.08.

Shares of NASDAQ:AMD opened at $29.86 on Wednesday. Advanced Micro Devices has a fifty-two week low of $16.03 and a fifty-two week high of $34.86. The stock has a 50-day simple moving average of $31.77. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The stock has a market cap of $36.63 billion, a price-to-earnings ratio of 112.90, a price-to-earnings-growth ratio of 2.72 and a beta of 3.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. Advanced Micro Devices’s revenue was down 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 0.54 EPS for the current year.

In related news, CEO Lisa T. Su sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total transaction of $6,687,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,511,264 shares in the company, valued at approximately $67,176,312. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total value of $170,340.00. Following the transaction, the senior vice president now owns 22,979 shares of the company’s stock, valued at $652,373.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 917,402 shares of company stock valued at $27,700,088. 1.50% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership boosted its stake in Advanced Micro Devices by 66.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock worth $381,305,000 after purchasing an additional 5,991,132 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Advanced Micro Devices by 613.2% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,658,453 shares of the semiconductor manufacturer’s stock worth $67,844,000 after purchasing an additional 2,285,726 shares during the period. Scout Investments Inc. bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $55,709,000. Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after purchasing an additional 1,651,507 shares during the period. Finally, American Century Companies Inc. boosted its stake in Advanced Micro Devices by 23.2% in the 4th quarter. American Century Companies Inc. now owns 5,245,201 shares of the semiconductor manufacturer’s stock worth $96,826,000 after purchasing an additional 988,970 shares during the period. Institutional investors own 60.98% of the company’s stock.

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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