Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $185.00 by Analysts at Susquehanna

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by Susquehanna from $200.00 to $185.00 in a research report report published on Monday, Benzinga reports. Susquehanna currently has a positive rating on the semiconductor manufacturer’s stock.

AMD has been the topic of several other reports. Bank of America raised their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a buy rating in a research report on Monday, January 29th. Wedbush reissued an outperform rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a neutral rating in a research note on Wednesday, January 31st. Roth Mkm lifted their target price on Advanced Micro Devices from $125.00 to $190.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Finally, DZ Bank reiterated a hold rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $184.68.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $160.20 on Monday. The business has a 50-day simple moving average of $177.19 and a two-hundred day simple moving average of $151.21. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market cap of $258.91 billion, a price-to-earnings ratio of 308.08, a PEG ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting 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 prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices will post 2.64 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,143 shares of company stock worth $62,580,844. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors have recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Bare Financial Services Inc bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Finally, Gables Capital Management Inc. bought a new stake in Advanced Micro Devices during the 4th quarter valued at $29,000. Hedge funds and other institutional investors 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.