Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $230.00

Advanced Micro Devices (NASDAQ:AMD) had its target price reduced by KeyCorp from $270.00 to $230.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. KeyCorp’s target price would suggest a potential upside of 57.36% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. TD Cowen upped their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Susquehanna dropped their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research note on Monday. New Street Research raised shares of 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. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $184.24.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $146.16 on Wednesday. The company’s fifty day moving average is $175.93 and its two-hundred day moving average is $151.50. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a market cap of $236.22 billion, a P/E ratio of 214.94, a price-to-earnings-growth ratio of 2.41 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (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 company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the business earned $0.43 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the 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 transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock valued at $34,637,833 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently modified their holdings of AMD. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 9.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 600,310 shares of the semiconductor manufacturer’s stock worth $61,724,000 after buying an additional 50,449 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Advanced Micro Devices by 16.2% during the third quarter. Simon Quick Advisors LLC now owns 3,864 shares of the semiconductor manufacturer’s stock worth $397,000 after buying an additional 539 shares in the last quarter. Capital Advisors Inc. OK increased its holdings 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 in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Advanced Micro Devices by 63.4% in the third quarter. Stratos Wealth Partners LTD. now owns 67,210 shares of the semiconductor manufacturer’s stock valued at $6,911,000 after purchasing an additional 26,081 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of Advanced Micro Devices by 53.4% in the third quarter. Stratos Wealth Advisors LLC now owns 10,683 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after purchasing an additional 3,719 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.