Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $210.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective lifted by TD Cowen from $200.00 to $210.00 in a report released on Monday morning, MarketBeat.com reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

A number of other analysts have also weighed in on the stock. Piper Sandler restated an overweight rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Evercore ISI decreased their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating for the company in a report on Wednesday, May 1st. Benchmark reduced their target price on Advanced Micro Devices from $245.00 to $200.00 and set a buy rating for the company in a report on Thursday, May 2nd. UBS Group decreased their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a buy rating for the company in a report on Wednesday, May 1st. Finally, Morgan Stanley cut shares of Advanced Micro Devices from an overweight rating to an equal weight rating and set a $176.00 target price on the stock. in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $193.47.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $159.43 on Monday. Advanced Micro Devices has a one year low of $93.11 and a one year high of $227.30. The company has a 50-day simple moving average of $164.21 and a two-hundred day simple moving average of $167.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm has a market capitalization of $257.69 billion, a PE ratio of 234.46, a price-to-earnings-growth ratio of 2.08 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently added to or reduced their stakes in the stock. Cherrydale Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after purchasing an additional 58 shares during the period. Addison Advisors LLC raised its holdings in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Prentice Wealth Management LLC boosted its position in Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after acquiring an additional 62 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Finally, Delta Financial Group Inc. boosted its stake in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after acquiring an additional 63 shares in the last quarter. 71.34% of the stock is owned by 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.