Brokerages Set Advanced Micro Devices, Inc. (NASDAQ:AMD) Target Price at $190.83

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received a consensus recommendation of “Moderate Buy” from the thirty research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $190.83.

Several research firms have weighed in on AMD. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Susquehanna lifted their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10th. UBS Group decreased their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Mizuho dropped their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Roth Mkm decreased their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $162.21 on Wednesday. The business has a 50 day moving average of $159.12 and a 200 day moving average of $165.24. Advanced Micro Devices has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a market cap of $262.18 billion, a PE ratio of 238.54, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. As a group, equities research analysts forecast that Advanced Micro Devices will post 2.61 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’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 approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC grew its stake in shares of Advanced Micro Devices by 9.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 91,513 shares of the semiconductor manufacturer’s stock valued at $9,409,000 after acquiring an additional 7,547 shares during the period. Mather Group LLC. boosted its position in shares of Advanced Micro Devices by 21.0% in the third quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock worth $1,017,000 after purchasing an additional 1,717 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Advanced Micro Devices by 37.6% in the third quarter. Westfield Capital Management Co. LP now owns 516,866 shares of the semiconductor manufacturer’s stock worth $53,144,000 after purchasing an additional 141,324 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of Advanced Micro Devices by 30.0% during the 3rd quarter. Valley National Advisers Inc. now owns 958 shares of the semiconductor manufacturer’s stock valued at $99,000 after purchasing an additional 221 shares during the period. Finally, Roundview Capital LLC lifted its stake in shares of Advanced Micro Devices by 35.5% during the 3rd quarter. Roundview Capital LLC now owns 17,532 shares of the semiconductor manufacturer’s stock valued at $1,803,000 after buying an additional 4,593 shares in the last quarter. 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.