Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $195.00

Advanced Micro Devices (NASDAQ:AMDFree Report) had its target price upped by Bank of America from $165.00 to $195.00 in a research note published on Monday, MarketBeat.com reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other analysts also recently issued reports about the stock. New Street Research raised shares of Advanced Micro Devices from a neutral rating to a buy rating and set a $215.00 price objective on the stock in a report on Wednesday, January 24th. Barclays upped their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an overweight rating in a report on Tuesday, January 16th. Northland Securities lowered shares of Advanced Micro Devices from an outperform rating to a market perform rating in a report on Monday, January 22nd. Cantor Fitzgerald began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 23rd. They issued an overweight rating and a $190.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $145.00 price target on shares of Advanced Micro Devices in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of Moderate Buy and a consensus target price of $175.39.

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Advanced Micro Devices Price Performance

Shares of AMD opened at $167.69 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.61. The company’s fifty day moving average price is $144.01 and its 200-day moving average price is $120.52. Advanced Micro Devices has a 1-year low of $72.03 and a 1-year high of $184.92. The firm has a market capitalization of $268.30 billion, a PE ratio of 1,397.53, a price-to-earnings-growth ratio of 4.72 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices will post 1.92 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $117.73, for a total value of $8,829,750.00. Following the transaction, the chief executive officer now directly owns 3,347,640 shares in the company, valued at $394,117,657.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $125.69, for a total value of $502,760.00. Following the sale, the chief accounting officer now owns 5,604 shares of the company’s stock, valued at $704,366.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $117.73, for a total transaction of $8,829,750.00. Following the completion of the sale, the chief executive officer now directly owns 3,347,640 shares in the company, valued at approximately $394,117,657.20. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of AMD. Activest Wealth Management purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $26,000. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $27,000. Castleview Partners LLC lifted its stake in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares during the period. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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