Advanced Micro Devices (NASDAQ:AMD) Given New $140.00 Price Target at Robert W. Baird

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by Robert W. Baird from $175.00 to $140.00 in a research report released on Wednesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the semiconductor manufacturer’s stock.

AMD has been the subject of a number of other research reports. HSBC reissued a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.13.

Advanced Micro Devices Stock Up 1.1 %

Shares of AMD stock opened at $102.84 on Wednesday. Advanced Micro Devices has a one year low of $76.48 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a fifty day moving average price of $97.41 and a 200 day moving average price of $116.65. The stock has a market cap of $166.22 billion, a P/E ratio of 103.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. Analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares during the period. Park National Corp OH lifted its position in Advanced Micro Devices by 87.1% during the fourth quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer’s stock worth $324,000 after acquiring an additional 1,249 shares during the last quarter. Watts Gwilliam & Co. LLC boosted its holdings in shares of Advanced Micro Devices by 151.6% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer’s stock worth $2,455,000 after acquiring an additional 11,616 shares during the period. Sage Capital Advisors llc grew its position in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer’s stock valued at $771,000 after purchasing an additional 98 shares during the last quarter. Finally, Jacobs & Co. CA lifted its holdings in Advanced Micro Devices by 13.2% during the 4th quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer’s stock worth $10,753,000 after purchasing an additional 10,404 shares during 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.