Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating)’s stock price gapped up prior to trading on Monday after Truist Financial raised their price target on the stock from $70.00 to $79.00. The stock had previously closed at $70.07, but opened at $72.22. Truist Financial currently has a hold rating on the stock. Advanced Micro Devices shares last traded at $74.46, with a volume of 13,007,290 shares trading hands.
Several other research firms also recently issued reports on AMD. Raymond James cut their price objective on Advanced Micro Devices from $100.00 to $80.00 in a report on Wednesday, November 2nd. Piper Sandler cut their price target on Advanced Micro Devices from $140.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 6th. JPMorgan Chase & Co. cut their price target on Advanced Micro Devices from $120.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 7th. Susquehanna Bancshares cut their price target on Advanced Micro Devices to $95.00 in a report on Friday, September 30th. Finally, Mizuho cut their price target on Advanced Micro Devices from $102.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.97.
In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 16,153 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $70.95, for a total value of $1,146,055.35. Following the transaction, the executive vice president now directly owns 113,875 shares of the company’s stock, valued at approximately $8,079,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Advanced Micro Devices
Advanced Micro Devices Stock Performance
The company has a market capitalization of $123.39 billion, a PE ratio of 45.83, a price-to-earnings-growth ratio of 2.00 and a beta of 2.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.65 and a current ratio of 2.16. The stock’s fifty day simple moving average is $69.68 and its 200-day simple moving average is $74.78.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its earnings results on Tuesday, November 1st. The semiconductor manufacturer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Advanced Micro Devices had a net margin of 9.96% and a return on equity of 11.17%. During the same quarter last year, the company posted $0.66 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.97 earnings per share for the current year.
About Advanced Micro Devices
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
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