UBS Group Lowers Advanced Micro Devices (NASDAQ:AMD) Price Target to $150.00

Advanced Micro Devices (NASDAQ:AMD) had its target price lowered by UBS Group from $155.00 to $150.00 in a report issued on Wednesday morning, Marketbeat reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other analysts have also weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $120.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Susquehanna dropped their price objective on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, April 24th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, April 16th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Sanford C. Bernstein reduced their price target on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.13.

Advanced Micro Devices Stock Performance

AMD stock opened at $102.84 on Wednesday. The business’s fifty day simple moving average is $97.41 and its two-hundred day simple moving average is $116.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $166.22 billion, a price-to-earnings ratio of 103.88, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. Analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AMD. KLP Kapitalforvaltning AS purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $65,897,000. Enzi Wealth acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $569,000. Welch Group LLC lifted its holdings in Advanced Micro Devices by 6.3% during the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after buying an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC boosted its position in shares of Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock worth $61,896,000 after acquiring an additional 145,067 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after acquiring an additional 588,595 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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.