Truist Financial Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $79.00

Advanced Micro Devices (NASDAQ:AMD – Get Rating) had its price objective upped by Truist Financial from $70.00 to $79.00 in a research note published on Monday morning, The Fly reports. Truist Financial currently has a hold rating on the semiconductor manufacturer’s stock.

Other equities analysts have also issued research reports about the stock. HSBC began coverage on shares of Advanced Micro Devices in a research note on Monday, October 24th. They issued a hold rating and a $60.00 price objective for the company. Robert W. Baird raised shares of Advanced Micro Devices from a neutral rating to an outperform rating and lifted their target price for the company from $65.00 to $100.00 in a research note on Monday, November 14th. Raymond James decreased their target price on shares of Advanced Micro Devices from $100.00 to $80.00 in a research note on Wednesday, November 2nd. Northland Securities lowered shares of Advanced Micro Devices from an outperform rating to a market perform rating and decreased their target price for the company from $80.00 to $60.00 in a research note on Monday, October 31st. Finally, Stifel Nicolaus reissued a buy rating and set a $91.00 target price on shares of Advanced Micro Devices in a research note on Monday, November 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $97.97.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $76.53 on Monday. Advanced Micro Devices has a 12 month low of $54.57 and a 12 month high of $132.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.16 and a quick ratio of 1.65. The firm has a market capitalization of $123.39 billion, a PE ratio of 45.83, a P/E/G ratio of 2.00 and a beta of 2.04. The company’s 50 day simple moving average is $69.68 and its 200 day simple moving average is $74.78.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The semiconductor manufacturer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.58 billion. Advanced Micro Devices had a return on equity of 11.17% and a net margin of 9.96%. During the same quarter last year, the firm posted $0.66 EPS. As a group, equities research analysts forecast that Advanced Micro Devices will post 2.97 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 16,153 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $70.95, for a total value of $1,146,055.35. Following the transaction, the executive vice president now directly owns 113,875 shares in the company, valued at $8,079,431.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of the business. My Personal CFO LLC boosted its holdings in shares of Advanced Micro Devices by 2,900.0% in the fourth quarter. My Personal CFO LLC now owns 180 shares of the semiconductor manufacturer’s stock valued at $405,000 after buying an additional 174 shares during the period. Samalin Investment Counsel LLC boosted its holdings in Advanced Micro Devices by 112.5% during the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 180 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in Advanced Micro Devices by 1,915.8% during the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 364 shares during the last quarter. SouthState Corp boosted its holdings in Advanced Micro Devices by 234.5% during the third quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 272 shares during the last quarter. Finally, TD Capital Management LLC acquired a new position in Advanced Micro Devices during the third quarter worth $25,000. 67.17% of the stock is owned by institutional investors.

About Advanced Micro Devices

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.