Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $200.00 at TD Cowen

Advanced Micro Devices (NASDAQ:AMD) had its price objective boosted by research analysts at TD Cowen from $185.00 to $200.00 in a research report issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price suggests a potential upside of 36.39% from the stock’s current price.

Other equities research analysts have also issued reports about the company. DZ Bank restated a “hold” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, March 7th. KeyCorp raised their price objective on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Citigroup lifted their price objective on Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Roth Mkm increased their target price on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Trading Down 5.4 %

Advanced Micro Devices stock opened at $146.64 on Thursday. Advanced Micro Devices has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a market cap of $236.99 billion, a P/E ratio of 282.01, a P/E/G ratio of 2.35 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $179.64 and a two-hundred day simple moving average of $148.58.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices will post 2.63 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. In the last three months, insiders sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the stock. Washburn Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $231,000. Independence Bank of Kentucky raised its stake in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the last quarter. Meridian Wealth Management LLC lifted its position in Advanced Micro Devices by 135.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after acquiring an additional 118,090 shares during the period. Gendell Jeffrey L purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at about $3,085,000. Finally, Sara Bay Financial acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $315,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.