Bank of America Lowers Advanced Micro Devices (NASDAQ:AMD) Price Target to $135.00

Advanced Micro Devices (NASDAQ:AMD) had its target price cut by research analysts at Bank of America from $155.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. Bank of America‘s target price suggests a potential upside of 12.97% from the company’s previous close.

Several other research analysts have also recently commented on AMD. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Evercore ISI raised their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Citigroup lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.19.

Advanced Micro Devices Price Performance

AMD stock opened at $119.50 on Wednesday. The stock has a 50-day moving average price of $125.02 and a two-hundred day moving average price of $140.59. Advanced Micro Devices has a 1 year low of $112.80 and a 1 year high of $227.30. The stock has a market cap of $193.93 billion, a PE ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Equities analysts forecast that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of AMD. Czech National Bank lifted its stake in shares of Advanced Micro Devices by 7.0% in the 3rd quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after acquiring an additional 21,708 shares during the last quarter. Versant Capital Management Inc raised its position in Advanced Micro Devices by 28.9% in the third quarter. Versant Capital Management Inc now owns 1,128 shares of the semiconductor manufacturer’s stock valued at $185,000 after purchasing an additional 253 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Advanced Micro Devices by 9.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 37,936 shares of the semiconductor manufacturer’s stock valued at $6,225,000 after purchasing an additional 3,429 shares in the last quarter. City Holding Co. grew its holdings in shares of Advanced Micro Devices by 3.2% during the third quarter. City Holding Co. now owns 36,224 shares of the semiconductor manufacturer’s stock worth $5,944,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Reliant Investment Management LLC increased its stake in shares of Advanced Micro Devices by 4.2% in the third quarter. Reliant Investment Management LLC now owns 36,907 shares of the semiconductor manufacturer’s stock valued at $6,056,000 after buying an additional 1,483 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.