Advanced Micro Devices (NASDAQ:AMD) Price Target Increased to $200.00 by Analysts at TD Cowen

Advanced Micro Devices (NASDAQ:AMD) had its target price raised by TD Cowen from $185.00 to $200.00 in a report published on Thursday, Marketbeat reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

Other equities research analysts also recently issued research reports about the stock. Barclays lifted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an overweight rating in a research note on Monday, March 4th. New Street Research upgraded Advanced Micro Devices from a neutral rating to a buy rating and set a $215.00 price target on the stock in a research note on Wednesday, January 24th. Melius Research upgraded Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 price objective for the company in a research note on Monday, January 8th. Bank of America upped their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a buy rating in a research report on Monday, January 29th. Finally, Citigroup raised their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of Moderate Buy and an average target price of $185.59.

Advanced Micro Devices Trading Down 5.4 %

Shares of AMD opened at $146.64 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices has a 12 month low of $81.02 and a 12 month high of $227.30. The stock has a market cap of $236.99 billion, a PE ratio of 282.01, a P/E/G ratio of 2.36 and a beta of 1.64. The stock’s 50-day moving average is $179.64 and its two-hundred day moving average is $148.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts forecast that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. 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 quarter. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently made changes to their positions in AMD. Vanguard Group Inc. increased its holdings 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 valued at $20,997,873,000 after buying an additional 2,390,558 shares in the last quarter. State Street Corp raised its position in shares of Advanced Micro Devices by 1.7% during the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after purchasing an additional 1,112,077 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Finally, Jennison Associates LLC increased its stake in 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 purchasing an additional 1,490,997 shares in the last quarter. Institutional investors and hedge funds 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.