Advanced Micro Devices (NASDAQ:AMD) Given New $180.00 Price Target at Roth Mkm

Advanced Micro Devices (NASDAQ:AMD) had its price target cut by Roth Mkm from $190.00 to $180.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

AMD has been the subject of several other research reports. Barclays upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an overweight rating in a report on Monday, March 4th. Wedbush restated an outperform rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. StockNews.com downgraded Advanced Micro Devices from a hold rating to a sell rating in a research note on Thursday, April 25th. Truist Financial decreased their target price on Advanced Micro Devices from $174.00 to $162.00 and set a hold rating for the company in a research note on Wednesday. Finally, Raymond James lowered shares of Advanced Micro Devices from a strong-buy rating to an outperform rating and raised their price objective for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $184.24.

Advanced Micro Devices Trading Up 3.0 %

Advanced Micro Devices stock opened at $150.60 on Wednesday. Advanced Micro Devices has a 52-week low of $81.11 and a 52-week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $243.39 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.19 and a beta of 1.66. The firm has a 50-day moving average price of $175.93 and a two-hundred day moving average price of $151.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. Sell-side analysts expect that Advanced Micro Devices will post 2.64 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock valued at $34,637,833 in the last three months. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tradewinds Capital Management LLC grew its holdings in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the third quarter worth $27,000. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Finally, Bare Financial Services Inc bought a new position in Advanced Micro Devices during the fourth quarter worth $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.