Advanced Micro Devices (NASDAQ:AMD) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Advanced Micro Devices (NASDAQ:AMD) in a report released on Wednesday, Benzinga reports. The firm currently has a $180.00 price target on the semiconductor manufacturer’s stock.

A number of other equities analysts have also recently weighed in on AMD. TD Cowen decreased their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays decreased their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday. Robert W. Baird cut their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Susquehanna reiterated a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Truist Financial cut their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Price Performance

AMD stock opened at $148.60 on Wednesday. The firm has a 50 day simple moving average of $155.17 and a two-hundred day simple moving average of $156.03. The stock has a market cap of $240.18 billion, a PE ratio of 218.53, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices has a one year low of $94.07 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices will post 2.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maia Wealth LLC lifted its position in Advanced Micro Devices by 11.0% during the third quarter. Maia Wealth LLC now owns 1,375 shares of the semiconductor manufacturer’s stock valued at $211,000 after buying an additional 136 shares during the period. Centennial Wealth Advisory LLC purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $223,000. Umpqua Bank increased its stake in shares of Advanced Micro Devices by 20.5% in the 3rd quarter. Umpqua Bank now owns 2,156 shares of the semiconductor manufacturer’s stock worth $354,000 after acquiring an additional 367 shares in the last quarter. Harvest Portfolios Group Inc. lifted its position in Advanced Micro Devices by 4.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer’s stock valued at $24,029,000 after acquiring an additional 6,168 shares during the period. Finally, Invictus Private Wealth LLC boosted its stake in Advanced Micro Devices by 93.3% during the third quarter. Invictus Private Wealth LLC now owns 52,472 shares of the semiconductor manufacturer’s stock worth $8,610,000 after acquiring an additional 25,333 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.