Advanced Micro Devices (NASDAQ:AMD – Get Rating) was upgraded by Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, Briefing.com reports. The brokerage currently has a $140.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $98.00. Piper Sandler’s price target points to a potential upside of 48.56% from the stock’s previous close.
A number of other brokerages have also weighed in on AMD. Zacks Investment Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating and set a $117.00 target price on the stock. in a research report on Tuesday, April 5th. Susquehanna cut their price target on shares of Advanced Micro Devices from $160.00 to $140.00 in a report on Wednesday, May 4th. Jefferies Financial Group cut their price target on shares of Advanced Micro Devices from $155.00 to $147.00 in a report on Wednesday, May 4th. Susquehanna Bancshares lifted their price target on shares of Advanced Micro Devices from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 2nd. Finally, Rosenblatt Securities lifted their price target on shares of Advanced Micro Devices from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 2nd. Eleven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Buy” and an average target price of $142.15.
Shares of NASDAQ:AMD opened at $94.24 on Tuesday. The company’s 50 day simple moving average is $101.24 and its 200 day simple moving average is $122.05. The stock has a market capitalization of $152.72 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 0.73 and a beta of 1.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.40 and a quick ratio of 1.96. Advanced Micro Devices has a 1 year low of $72.76 and a 1 year high of $164.46.
In related news, EVP Mark D. Papermaster sold 20,180 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $125.00, for a total value of $2,522,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Edward Caldwell sold 10,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $109.28, for a total transaction of $1,092,800.00. Following the completion of the sale, the director now directly owns 4,672 shares in the company, valued at approximately $510,556.16. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AMD. MBM Wealth Consultants LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $25,000. Covington Capital Management grew its position in shares of 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 in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $32,000. First Command Financial Services Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $34,000. Finally, Delos Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 95.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 69.61% 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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