Cantor Fitzgerald Reiterates Overweight Rating for Advanced Micro Devices (NASDAQ:AMD)

by · The Markets Daily

Advanced Micro Devices (NASDAQ:AMD – Get Free Report)‘s stock had its “overweight” rating reaffirmed by research analysts at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They currently have a $180.00 price target on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 4.17% from the company’s previous close.

AMD has been the topic of several other reports. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Barclays decreased their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Finally, Citigroup lifted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

View Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Up 1.1 %

Shares of AMD opened at $172.80 on Monday. The firm has a 50 day simple moving average of $148.78 and a two-hundred day simple moving average of $157.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices has a one year low of $93.11 and a one year high of $227.30. The company has a market cap of $279.30 billion, a P/E ratio of 254.12, a P/E/G ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 earnings per share. Research analysts forecast that Advanced Micro Devices will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Advanced Micro Devices by 813.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after acquiring an additional 2,979,204 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after acquiring an additional 2,553,392 shares during the period. Vanguard Group Inc. boosted its holdings in Advanced Micro Devices by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after acquiring an additional 2,390,558 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Advanced Micro Devices during the 2nd quarter valued at $296,178,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

(Get Free Report)

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.

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