Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $115.00 at Deutsche Bank Aktiengesellschaft

Advanced Micro Devices (NASDAQ:AMD – Get Rating) had its price target lowered by Deutsche Bank Aktiengesellschaft from $125.00 to $115.00 in a report issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 18.64% from the company’s previous close.

AMD has been the topic of a number of other research reports. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Tuesday, February 22nd. Truist Financial cut their price target on Advanced Micro Devices from $144.00 to $111.00 and set a “hold” rating for the company in a report on Friday, April 8th. Jefferies Financial Group lifted their price target on Advanced Micro Devices from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Piper Sandler cut Advanced Micro Devices from an “overweight” rating to a “neutral” rating and cut their price target for the company from $140.00 to $130.00 in a report on Thursday, January 20th. Finally, Mizuho boosted their price objective on Advanced Micro Devices from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 2nd. Thirteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Buy” and a consensus target price of $147.04.

Shares of AMD opened at $96.93 on Wednesday. The firm has a market cap of $116.25 billion, a PE ratio of 37.57, a PEG ratio of 0.84 and a beta of 1.81. The firm’s 50 day moving average price is $110.50 and its 200 day moving average price is $124.97. Advanced Micro Devices has a twelve month low of $72.50 and a twelve month high of $164.46.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings data on Tuesday, February 1st. The semiconductor manufacturer reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.14. Advanced Micro Devices had a net margin of 19.24% and a return on equity of 44.25%. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the company posted $0.45 earnings per share. Advanced Micro Devices’s quarterly revenue was up 48.8% on a year-over-year basis. As a group, research analysts expect that Advanced Micro Devices will post 3.7 EPS for the current year.

In other Advanced Micro Devices news, EVP Rick Bergman sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $117.12, for a total value of $234,240.00. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $130.00, for a total transaction of $1,280,760.00. The disclosure for this sale can be found here. Insiders have sold 191,176 shares of company stock worth $23,266,902 over the last ninety days. Insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at $25,000. Covington Capital Management grew its stake in shares of Advanced Micro Devices by 91.3% in the fourth quarter. Covington Capital Management now owns 220 shares of the semiconductor manufacturer’s stock valued at $32,000 after acquiring an additional 105 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $32,000. First Command Financial Services Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $34,000. Finally, Delos Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 95.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 68.92% of the company’s stock.

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.

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