Advanced Micro Devices (NASDAQ:AMD) Given New $230.00 Price Target at KeyCorp

Advanced Micro Devices (NASDAQ:AMDFree Report) had its price objective reduced by KeyCorp from $270.00 to $230.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the semiconductor manufacturer’s stock.

AMD has been the subject of several other reports. JPMorgan Chase & Co. upped their target price 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. The Goldman Sachs Group upped their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a buy rating in a research report on Wednesday, January 31st. Morgan Stanley lowered their price target on Advanced Micro Devices from $193.00 to $177.00 and set an overweight rating on the stock in a research note on Monday, April 29th. Mizuho lowered their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Melius Research raised Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 target price for the company in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $184.24.

Read Our Latest Stock Analysis on AMD

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $150.60 on Wednesday. The firm has a market cap of $243.42 billion, a P/E ratio of 221.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66. The stock’s 50-day moving average is $175.41 and its two-hundred day moving average is $151.81. Advanced Micro Devices has a fifty-two week low of $81.11 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly 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 company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices will post 2.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the 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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The disclosure for this sale can be found here. Insiders have sold 181,850 shares of company stock valued at $34,637,833 in the last 90 days. 0.73% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently made changes to their positions in the business. Addison Advisors LLC lifted its position in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Prentice Wealth Management LLC increased its position in shares of Advanced Micro Devices by 1.6% in the first 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 during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 0.9% during the 1st 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. Schear Investment Advisers LLC raised its position in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC lifted its stake in Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

(Get Free Report)

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.

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