Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $180.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective cut by investment analysts at Roth Mkm from $190.00 to $180.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Roth Mkm’s price objective indicates a potential upside of 23.15% from the company’s current price.

Other research analysts also recently issued reports about the stock. Cantor Fitzgerald cut their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Morgan Stanley reduced their price objective on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday. UBS Group increased their price objective on Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.24.

Advanced Micro Devices Stock Up 1.3 %

Shares of NASDAQ:AMD opened at $146.16 on Wednesday. The firm has a fifty day moving average price of $175.93 and a two-hundred day moving average price of $151.50. 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 one year low of $81.02 and a one year high of $227.30. The company has a market cap of $236.22 billion, a price-to-earnings ratio of 214.94, a PEG ratio of 2.41 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.74%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm earned $0.43 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Activity

In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, 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 link. Also, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 in the last quarter. 0.73% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently modified their holdings of the business. Chase Investment Counsel Corp increased its holdings in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $231,000. Pathway Financial Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $229,000. Independence Bank of Kentucky grew its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $1,759,000. 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.