Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $200.00 at UBS Group

Advanced Micro Devices (NASDAQ:AMD) had its price target lowered by research analysts at UBS Group from $205.00 to $200.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. UBS Group’s price objective suggests a potential upside of 36.84% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Truist Financial cut their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday. Citigroup raised their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $184.24.

Advanced Micro Devices Stock Up 1.3 %

Shares of AMD stock opened at $146.16 on Wednesday. The company has a market capitalization of $236.22 billion, a price-to-earnings ratio of 214.94, a PEG ratio of 2.41 and a beta of 1.66. Advanced Micro Devices has a one year low of $81.02 and a one year high of $227.30. The company’s fifty day moving average price is $175.93 and its 200-day moving average price is $151.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.74%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. Sell-side analysts expect that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 in the last 90 days. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Large investors have recently modified their holdings of the business. Tradewinds Capital Management LLC grew its position in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $27,000. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $28,000. Finally, Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. 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.