Bloomberg reports that the recommendations of the 35 analysts currently monitoring Advanced Micro Devices, Inc. (NASDAQ: AMD) have resulted in an average rating of “Moderate Buy” for the company. One investment professional has suggested selling the stock, while eight others have rated it “hold,” and twenty others have given it a rating of “buy.” The average one-year price target that brokers who rated the stock in the prior year have established is $97.19 per share. This target was established by brokers who rated the stock the previous year.
Only recently did several research professionals publish the results of their investigations into the company. Bank of America lowered their price target for Advanced Micro Devices from $100 to $90.00 and changed their rating for the company from “buy” to “hold” in a research note that was made public on Friday, October 7. The note was made available to the public. On January 11, KeyCorp published a research report in which Advanced Micro Devices served as the primary focus of the investigation. Following the analysis, the company was rated “overweight,” and it was suggested that the price objective be reduced from $85.00 to $80.00. On October 10, Cowen issued a research note regarding Advanced Micro Devices. They stated they were lowering their “outperform” rating for the company and lowering their price objective from $120.00 to $100.00. This information was included in the research note. Advanced Micro Devices (NASDAQ: AMD) was the topic of a research report released on Monday, November 14, by Stifel Nicolaus. Within that report, Stifel Nicolaus reaffirmed their “buy” rating on shares of the company and inserted a price objective of $90.00 for the stock. Benchmark lowered their price target on Advanced Micro Devices to $95.00 in a research note published on Thursday, October 13. The final and most significant adjustment was made here.
According to reports from other news outlets, on December 14, Executive Vice President Paul Darren Grasby sold 16,153 shares of the company’s stock. The company disclosed this transaction. The shares were sold for a total of $1,146,055.35, which works out to a price of $70.95 per share on average when they were put up for sale. After the deal’s completion, the executive vice president now directly owns 113,875 shares of the company, which are worth $8,079,431.25 in total. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. The corporation’s executives, directors, and senior executives collectively own one percent of the company stock.
Several hedge funds and other institutional investors have recently completed transactions involving the purchase and sale of AMD shares. Southgate Corporation’s investment in Advanced Micro Devices saw a total increase of 234.5% during the company’s third-quarter reporting period. Southgate Corporation increased its stake in the semiconductor manufacturer during the period in question by purchasing an additional 272 shares, bringing its total number of shares to 388, with a value of $25,000. This was accomplished by purchasing the shares directly from the company. TD Capital Management LLC made a new investment in Advanced Micro Devices during the third quarter of this fiscal year. This investment was worth approximately $25,000 at the time. During the third quarter of 2018, Householder Group Estate & Retirement Specialist LLC invested in Advanced Micro Devices in the amount of $27,000 through a capital contribution. By making additional purchases of Advanced Micro Devices stock during the second quarter of the fiscal year, Mine & Arao Wealth Creation & Management LLC increased the size of its stock holdings by 1,915.8%. Mine & Arao Wealth Creation & Management LLC currently possesses 383 shares of the stock held by the semiconductor manufacturer. The current market value of these shares is $29,000. The most recent fiscal quarter saw the company acquire an additional 364 shares, bringing the total number of shares owned by the company to 383. These shares were purchased during the most recent quarter and bring the total number of shares owned by the company to 383.
Last but not least, the value of IAG Wealth Partners LLC’s investment in Advanced Micro Devices increased by 189.9% during the third quarter of this year. IAG Wealth Partners LLC now has 458 shares of the semiconductor manufacturer’s stock, valued at $29,000, after purchasing an additional 300 shares during the most recent quarter. These shares were acquired for a total cost of $3,000. The company’s shares are owned by hedge funds and other institutional investors for a total of 67.17 percent.
When AMD’s stock began trading for the first time on the NASDAQ on Wednesday, the price per share was $71.59. The ratio of the current ratio to the quick ratio is 1.65, and the ratio of the current ratio to the quick ratio is 2.16. The debt-to-equity ratio is 0.05, and the quick ratio to the current ratio is 1.65. The stock price is currently $69.47; its 50-day simple moving average sits at $74.47, while its 200-day simple moving average is $74.91. These metrics point to the company’s profitability, including its price-to-earnings ratio of 2.03, its price-to-earnings-growth ratio of 2.03, and its beta value of 2.04; all three of these ratios are equal to 2.03. The company’s total value, as determined by the market, is $115.43 billion. During the past year, the price of Advanced Micro Devices has fluctuated between $54.57 and $136.39, reaching a low of $54.57 and a high of $136.39, respectively.
On November 1, the quarterly earnings report for Advanced Micro Devices, traded on the NASDAQ under the ticker symbol AMD, was made public. The earnings of the semiconductor company for the quarter, which came in at $0.54 per share, came in $0.01 lower than the consensus forecast of $0.55 per share among industry analysts. The company’s quarterly revenues came in at $5.57 billion, which is lower than the average projection that was made for the company, which was $5.58 billion. The return on equity for Advanced Micro Devices came in at 11.17%, while the company’s net margin came in at 9.96%. The company made a profit per share of $0.66 during the same period the year before. Market analysts agree that Advanced Micro Devices will end the current fiscal year with $2.97 per share earnings. This is the consensus estimate among market analysts.
Advanced Micro Devices, Inc. is the name of a multinational corporation that manufactures semiconductors and operates on a global scale. The business is organized into two distinct divisions: one specializes in computing and graphics, while the other attends to the needs of the enterprise, embedded, and semi-custom clients. It offers a wide range of products and services, including semi-custom System-on-Chip (SoC) devices, game console technology, server and embedded processors, and development services. In addition, this service incorporates x86 microprocessors equipped with accelerated processing units, chipsets, discrete and integrated graphics processing units (GPUs), data centers, and professional GPUs, as well as development services.