Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $230.00 by Analysts at KeyCorp

Advanced Micro Devices (NASDAQ:AMD) had its price objective reduced by KeyCorp from $270.00 to $230.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the semiconductor manufacturer’s stock.

AMD has been the subject of several other research reports. 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. HSBC raised shares of Advanced Micro Devices from a hold rating to a buy rating and increased their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Northland Securities raised shares of Advanced Micro Devices from a market perform rating to an outperform rating and set a $195.00 target price on the stock in a research report on Wednesday, January 31st. TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a buy rating in a report on Thursday, April 18th. Finally, Wedbush reiterated an outperform rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $182.62.

Advanced Micro Devices Trading Down 8.9 %

NASDAQ AMD opened at $144.27 on Wednesday. The firm has a market capitalization of $233.16 billion, a price-to-earnings ratio of 277.45, a PEG ratio of 2.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices has a one year low of $81.02 and a one year high of $227.30. The company’s 50 day moving average price is $176.64 and its 200 day moving average price is $151.54.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices will post 2.64 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tradewinds Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Peoples Bank KS bought a new position in Advanced Micro Devices during the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $28,000. Finally, Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.