Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $170.00

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by Cantor Fitzgerald from $190.00 to $170.00 in a research report report published on Wednesday, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the semiconductor manufacturer’s stock.

Other equities research analysts also recently issued research reports about the company. HSBC upgraded Advanced Micro Devices from a hold rating to a buy rating and upped their price target for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Evercore ISI started coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They set an outperform rating and a $200.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. StockNews.com lowered shares of Advanced Micro Devices from a hold rating to a sell rating in a research note on Thursday, April 25th. Finally, Northland Securities upgraded Advanced Micro Devices from a market perform rating to an outperform rating and set a $195.00 target price on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of Moderate Buy and a consensus target price of $184.24.

Advanced Micro Devices Stock Up 3.0 %

Advanced Micro Devices stock opened at $150.60 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $175.93 and its two-hundred day moving average price is $151.50. The firm has a market capitalization of $243.39 billion, a price-to-earnings ratio of 221.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.66. Advanced Micro Devices has a 1-year low of $81.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. On average, equities research analysts predict that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

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 value of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The sale was disclosed in a document filed with the SEC, which is available at 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 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 $457,151.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,850 shares of company stock worth $34,637,833. Corporate insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its position in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the last quarter. Valued Wealth Advisors LLC grew its stake in Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 70 shares in the last quarter. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.