Several other equities analysts have also recently weighed in on the company. Sanford C. Bernstein upgraded Advanced Micro Devices from a market perform rating to an outperform rating and set a $150.00 price objective on the stock in a report on Tuesday, February 22nd. Craig Hallum lifted their price objective on Advanced Micro Devices from $150.00 to $160.00 and gave the company a buy rating in a report on Wednesday, February 2nd. Rosenblatt Securities lifted their price objective on Advanced Micro Devices from $180.00 to $200.00 and gave the company a buy rating in a report on Wednesday, February 2nd. Truist Financial cut their target price on Advanced Micro Devices from $144.00 to $111.00 and set a hold rating on the stock in a research note on Friday, April 8th. Finally, StockNews.com initiated coverage on Advanced Micro Devices in a research note on Thursday, March 31st. They issued a hold rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $147.41.
AMD stock opened at $93.06 on Thursday. The company has a market cap of $111.61 billion, a P/E ratio of 36.07, a PEG ratio of 0.88 and a beta of 1.81. Advanced Micro Devices has a twelve month low of $72.50 and a twelve month high of $164.46. The business has a fifty day moving average of $112.52 and a 200-day moving average of $125.01.
In related news, CEO Lisa T. Su sold 100,000 shares of the company’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $120.00, for a total transaction of $12,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 9,852 shares of the company’s stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $130.00, for a total value of $1,280,760.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 191,176 shares of company stock worth $23,266,902. Insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Counselors Inc. bought a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $297,000. Thoroughbred Financial Services LLC bought a new stake in Advanced Micro Devices during the third quarter worth about $228,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Advanced Micro Devices by 63.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,700 shares of the semiconductor manufacturer’s stock valued at $3,364,000 after acquiring an additional 12,700 shares during the last quarter. Emerald Advisers LLC purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $297,000. Finally, Destiny Wealth Partners LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $190,000. 68.92% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Company Profile (Get Rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
- Get a free copy of the StockNews.com research report on Advanced Micro Devices (AMD)
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