Advanced Micro Devices (NASDAQ:AMD) Given New $95.00 Price Target at Sanford C. Bernstein

Advanced Micro Devices (NASDAQ:AMD) had its price target cut by Sanford C. Bernstein from $125.00 to $95.00 in a research note published on Tuesday,Benzinga reports. They currently have a market perform rating on the semiconductor manufacturer’s stock.

A number of other research analysts have also recently commented on AMD. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. KeyCorp lowered Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $142.23.

Advanced Micro Devices Stock Up 0.8 %

Shares of AMD opened at $86.26 on Tuesday. Advanced Micro Devices has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $99.90 and a two-hundred day simple moving average of $122.17. The company has a market capitalization of $139.42 billion, a PE ratio of 87.13, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds have recently made changes to their positions in AMD. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $2,867,193,000. Toronto Dominion Bank grew its stake in shares of Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the period. Kovitz Investment Group Partners LLC grew its position in Advanced Micro Devices by 2,265.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after buying an additional 2,889,739 shares during the period. Northern Trust Corp increased its stake in Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after buying an additional 2,238,866 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.