Raymond James upgraded shares of Advanced Micro Devices (NASDAQ:AMD – Get Rating) from an outperform rating to a strong-buy rating in a research note released on Monday morning, MarketBeat reports. The firm currently has $160.00 price objective on the semiconductor manufacturer’s stock.
Several other analysts have also commented on the stock. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a market perform rating to an outperform rating and set a $150.00 price objective for the company in a report on Tuesday, February 22nd. KeyCorp raised their target price on shares of Advanced Micro Devices from $155.00 to $165.00 and gave the company an overweight rating in a research note on Wednesday, February 2nd. Truist Financial decreased their target price on shares of Advanced Micro Devices from $144.00 to $111.00 and set a hold rating for the company in a research note on Friday, April 8th. Jefferies Financial Group raised their target price on shares of Advanced Micro Devices from $145.00 to $155.00 and gave the company a buy rating in a research note on Wednesday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Advanced Micro Devices from $125.00 to $115.00 and set a hold rating for the company in a research note on Wednesday, April 20th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $145.56.
NASDAQ AMD opened at $90.69 on Monday. The company has a 50-day simple moving average of $108.26 and a two-hundred day simple moving average of $124.76. Advanced Micro Devices has a 12-month low of $72.50 and a 12-month high of $164.46. The firm has a market cap of $108.76 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 0.81 and a beta of 1.81.
In other news, CEO Lisa T. Su sold 100,000 shares of the business’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $120.00, for a total value of $12,000,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul Darren Grasby sold 9,852 shares of the business’s stock in a transaction dated Wednesday, February 2nd. The stock was 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. In the last 90 days, insiders have sold 191,176 shares of company stock worth $23,266,902. 1.00% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of AMD. MBM Wealth Consultants LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at about $25,000. MCF Advisors LLC grew its holdings in Advanced Micro Devices by 252.8% during the 3rd quarter. MCF Advisors LLC now owns 254 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Cordasco Financial Network grew its holdings in Advanced Micro Devices by 287.5% during the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 207 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at about $32,000. Finally, Covington Capital Management grew its holdings in Advanced Micro Devices by 91.3% during the 4th quarter. Covington Capital Management now owns 220 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 105 shares during 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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