Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $185.00 by Analysts at Susquehanna

Advanced Micro Devices (NASDAQ:AMD) had its price target lowered by Susquehanna from $200.00 to $185.00 in a research report released on Monday, Benzinga reports. The firm currently has a positive rating on the semiconductor manufacturer’s stock.

Other research analysts also recently issued research reports about the stock. Truist Financial boosted their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a hold rating in a research report on Wednesday, January 31st. TD Cowen raised their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a buy rating in a research note on Thursday, April 18th. Roth Mkm upped their price target on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Evercore ISI started coverage on Advanced Micro Devices in a research note on Tuesday, April 16th. They issued an outperform rating and a $200.00 price objective for the company. Finally, UBS Group upped their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a buy rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of Moderate Buy and an average price target of $184.68.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $160.20 on Monday. The business has a 50-day moving average price of $177.19 and a two-hundred day moving average price of $151.21. Advanced Micro Devices has a 1-year low of $81.02 and a 1-year high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a market cap of $258.91 billion, a P/E ratio of 308.08, a PEG ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, analysts anticipate that Advanced Micro Devices will post 2.64 EPS for the current year.

Insider Activity

In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last 90 days. Insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMD. Vanguard Group Inc. raised its position in shares of 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 worth $20,997,873,000 after buying an additional 2,390,558 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after acquiring an additional 600,638 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Advanced Micro Devices by 10.2% during 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 purchasing an additional 2,553,392 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after buying an additional 1,490,997 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $3,426,529,000. Hedge funds and other institutional investors 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.