UBS Group Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $200.00

Advanced Micro Devices (NASDAQ:AMD) had its price target trimmed by UBS Group from $205.00 to $200.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other equities analysts have also recently issued reports on AMD. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Evercore ISI cut their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating on the stock in a research note on Wednesday. Cantor Fitzgerald reduced 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. TD Cowen upped their price objective 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, Rosenblatt Securities restated a buy rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $184.24.

Advanced Micro Devices Price Performance

AMD stock opened at $150.60 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market cap of $243.39 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.19 and a beta of 1.66. The company’s fifty day simple moving average is $175.93 and its 200 day simple moving average is $151.50. Advanced Micro Devices has a 12-month low of $81.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company posted $0.43 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices will post 2.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 181,850 shares of company stock valued at $34,637,833. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in Advanced Micro Devices by 9.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 600,310 shares of the semiconductor manufacturer’s stock worth $61,724,000 after acquiring an additional 50,449 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of Advanced Micro Devices by 16.2% in the third quarter. Simon Quick Advisors LLC now owns 3,864 shares of the semiconductor manufacturer’s stock worth $397,000 after purchasing an additional 539 shares in the last quarter. Capital Advisors Inc. OK raised its position in shares of Advanced Micro Devices by 5.4% in the third quarter. Capital Advisors Inc. OK now owns 3,262 shares of the semiconductor manufacturer’s stock valued at $335,000 after purchasing an additional 166 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Advanced Micro Devices by 63.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 67,210 shares of the semiconductor manufacturer’s stock valued at $6,911,000 after buying an additional 26,081 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 53.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,683 shares of the semiconductor manufacturer’s stock worth $1,098,000 after buying an additional 3,719 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.