Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $170.00

Advanced Micro Devices (NASDAQ:AMD) had its target price dropped by equities research analysts at Cantor Fitzgerald from $190.00 to $170.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 16.31% from the stock’s current price.

A number of other analysts have also commented on AMD. Mizuho lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Bank of America increased their price target 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. Evercore ISI started coverage on shares of Advanced Micro Devices in a report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price objective for the company. Barclays boosted their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $184.24.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $146.16 on Wednesday. The company has a fifty day moving average price of $175.93 and a 200-day moving average price of $151.50. The firm has a market cap of $236.22 billion, a price-to-earnings ratio of 214.94, a PEG ratio of 2.41 and a beta of 1.66. 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 has a 1 year low of $81.02 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during 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%. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on 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 transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly 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 ninety days. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMD. Chase Investment Counsel Corp increased its stake in shares of Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after buying an additional 87 shares during the period. Washburn Capital Management Inc. bought a new stake in Advanced Micro Devices in the fourth quarter valued at $231,000. Pathway Financial Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at $229,000. Independence Bank of Kentucky increased its position in Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the period. Finally, Headlands Technologies LLC bought a new position in Advanced Micro Devices in the 4th quarter worth $1,759,000. 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.