Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $200.00

Advanced Micro Devices (NASDAQ:AMD) had its target price dropped by equities research analysts at Benchmark from $245.00 to $200.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. Benchmark’s price target points to a potential upside of 40.03% from the company’s previous close.

A number of other brokerages have also commented on AMD. Roth Mkm reduced their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Susquehanna cut their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a report on Monday. Citigroup cut their price objective on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, DZ Bank reissued a “hold” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Trading Down 1.0 %

Advanced Micro Devices stock traded down $1.44 during midday trading on Thursday, reaching $142.83. The stock had a trading volume of 16,357,866 shares, compared to its average volume of 71,771,555. 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 firm has a market cap of $230.83 billion, a price-to-earnings ratio of 209.53, a price-to-earnings-growth ratio of 2.41 and a beta of 1.66. The company has a fifty day moving average of $176.64 and a 200 day moving average of $151.54.

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

Insider Transactions at Advanced Micro Devices

In other 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 transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Advanced Micro Devices by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after purchasing an additional 2,390,558 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the last quarter. Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the last quarter. Finally, Norges Bank acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $3,426,529,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.