Various financial analysts have provided their insights on Advanced Micro Devices (AMD) recently. Raymond James increased their price target on AMD shares from $125.00 to $140.00, giving the company a "strong-buy" rating in a report on Thursday, December 7th. Bank of America upgraded AMD from a "neutral" to a "buy" rating, setting a $165.00 price target on the stock in a research note on Friday, December 15th. Stifel Nicolaus reiterated a "buy" rating and issued a $145.00 price objective on AMD shares on Thursday, December 7th. Wedbush dropped their price target on AMD shares from $155.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 1st. Finally, Melius Research upgraded AMD from a "hold" rating to a "buy" rating and set a $188.00 price target on the stock in a research note on Monday, January 8th. MarketBeat.com reports that the company currently has a consensus rating of "Moderate Buy" with an average target price of $146.50.
In other news, AMD CEO Lisa T. Su sold 75,000 shares of the stock on Tuesday, December 5th, at an average price of $117.73, totaling $8,829,750. Following the sale, the CEO now owns 3,347,640 shares, valued at approximately $394,117,657.20. The transaction was disclosed in a legal filing with the SEC. Additionally, AMD CAO Darla M. Smith sold 4,000 shares on Thursday, December 7th, at an average price of $125.69, totaling $502,760. After the sale, the chief accounting officer now owns 5,604 shares, valued at approximately $704,366.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission.
Several large investors have recently traded AMD shares, with notable activity from Bank Julius Baer & Co. Ltd Zurich, Norges Bank, Jennison Associates LLC, Moneta Group Investment Advisors LLC, and Renaissance Technologies LLC. These institutional investors and hedge funds collectively own 68.43% of the company's stock.
As of the latest trading day, AMD stock reached $162.39, experiencing a $2.22 gain. The company's stock has a 50-day simple moving average of $133.28 and a 200-day simple moving average of $116.44. Advanced Micro Devices has a one-year low of $67.26 and a one-year high of $168.60, with a market capitalization of $259.82 billion. The P/E ratio is 1,334.75, the P/E/G ratio is 3.93, and the beta is 1.70.
On Tuesday, October 31st, AMD reported quarterly earnings with $0.70 earnings per share, beating the consensus estimate by $0.02. The company had a net margin of 0.94% and a return on equity of 5.61%. AMD's revenue for the quarter was $5.80 billion, surpassing analysts' expectations of $5.70 billion. Analysts anticipate a yearly earnings per share (EPS) of 1.92 for the current fiscal year.
Advanced Micro Devices operates as a semiconductor company globally, with four main segments: Data Center, Client, Gaming, and Embedded. The company provides x86 microprocessors, graphics processing units (GPUs), chipsets, data center, and professional GPUs. It also offers embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing units, field programmable gate arrays (FPGA), and adaptive SoC products.
While Advanced Micro Devices currently holds a "Moderate Buy" rating among analysts, some top-rated analysts believe that other stocks present better buying opportunities.
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