Citigroup Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $210.00

Advanced Micro Devices (NASDAQ:AMD) had its target price raised by Citigroup from $176.00 to $210.00 in a report published on Monday, Benzinga reports. Citigroup currently has a buy rating on the semiconductor manufacturer’s stock.

AMD has been the subject of a number of other reports. TD Cowen lifted their price target on shares of Advanced Micro Devices from $200.00 to $210.00 and gave the stock a buy rating in a research note on Monday. Cantor Fitzgerald cut their target price on Advanced Micro Devices from $190.00 to $170.00 and set an overweight rating on the stock in a research note on Wednesday, May 1st. StockNews.com downgraded Advanced Micro Devices from a hold rating to a sell rating in a report on Saturday, June 15th. Piper Sandler restated an overweight rating and set a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Benchmark cut their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a buy rating on the stock in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $193.47.

Advanced Micro Devices Trading Down 10.2 %

Shares of AMD stock opened at $159.43 on Monday. The company has a market cap of $257.69 billion, a PE ratio of 234.46, a price-to-earnings-growth ratio of 2.08 and a beta of 1.68. Advanced Micro Devices has a 1 year low of $93.11 and a 1 year high of $227.30. The stock’s 50 day simple moving average is $164.21 and its two-hundred day simple moving average is $167.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. Research analysts predict that Advanced Micro Devices will post 2.6 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Chase Investment Counsel Corp increased its stake in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after acquiring an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $231,000. Pathway Financial Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $229,000. Independence Bank of Kentucky lifted its holdings in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after buying an additional 1,677 shares during the period. Finally, Fortis Capital Advisors LLC boosted its stake in shares of Advanced Micro Devices by 137.8% in the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after buying an additional 7,235 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.