Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $200.00

Advanced Micro Devices (NASDAQ:AMD) had its price target raised by investment analysts at TD Cowen from $185.00 to $200.00 in a research report issued on Thursday, Briefing.com reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price would suggest a potential upside of 29.85% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, April 4th. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, 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. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $154.02 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm’s 50-day moving average is $180.44 and its two-hundred day moving average is $148.23. Advanced Micro Devices has a 12 month low of $81.02 and a 12 month high of $227.30. The company has a market capitalization of $248.92 billion, a PE ratio of 296.20, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Washburn Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $231,000. Independence Bank of Kentucky grew its holdings in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the period. Meridian Wealth Management LLC grew its holdings in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after purchasing an additional 118,090 shares during the period. Gendell Jeffrey L purchased a new stake in Advanced Micro Devices in the third quarter valued at approximately $3,085,000. Finally, Sara Bay Financial purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $315,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.