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.
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
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.
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