Advanced Micro Devices (NASDAQ:AMD) Given New $126.00 Price Target at Evercore ISI

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by Evercore ISI from $147.00 to $126.00 in a research report released on Thursday,Benzinga reports. Evercore ISI currently has an outperform rating on the semiconductor manufacturer’s stock.

Several other equities research analysts also recently commented on AMD. UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Barclays decreased their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Mizuho cut their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.90.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $87.50 on Thursday. The stock has a market cap of $141.42 billion, a P/E ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $187.28. The company’s 50-day simple moving average is $101.40 and its 200 day simple moving average is $124.05.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, research analysts forecast that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently added to or reduced their stakes in the business. Howard Capital Management Group LLC grew its position in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after buying an additional 324 shares during the period. Principal Financial Group Inc. increased its stake in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Advanced Micro Devices by 6.0% during the third quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer’s stock valued at $19,179,000 after purchasing an additional 6,569 shares during the period. Advisory Resource Group grew its stake in shares of Advanced Micro Devices by 19.3% in the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer’s stock valued at $1,300,000 after buying an additional 1,282 shares during the period. Finally, Westside Investment Management Inc. raised its stake in Advanced Micro Devices by 1.9% during the 3rd quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer’s stock worth $815,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.