Advanced Micro Devices (NASDAQ:AMD) PT Set at $144.00 by Evercore ISI

Advanced Micro Devices (NASDAQ:AMD) has been given a $144.00 price target by analysts at Evercore ISI in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the semiconductor manufacturer’s stock. Evercore ISI’s price target suggests a potential upside of 13.48% from the stock’s current price.

AMD has been the topic of a number of other research reports. Benchmark reissued a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Friday. Barclays raised their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird decreased their price target on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 27th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.61.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $10.74 during trading on Friday, reaching $126.90. 56,281,582 shares of the company traded hands, compared to its average volume of 41,487,467. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $205.75 billion, a P/E ratio of 127.92, a PEG ratio of 1.11 and a beta of 1.99. The firm’s fifty day simple moving average is $104.51 and its 200 day simple moving average is $111.15.

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

Advanced Micro Devices announced that its board has authorized a stock buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was 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 directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors have recently modified their holdings of AMD. Brighton Jones LLC boosted its holdings in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $34,366,000. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in shares of Advanced Micro Devices by 17.7% during the 4th quarter. Leavell Investment Management Inc. now owns 10,159 shares of the semiconductor manufacturer’s stock worth $1,227,000 after buying an additional 1,526 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Advanced Micro Devices by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 671,099 shares of the semiconductor manufacturer’s stock valued at $83,974,000 after acquiring an additional 10,818 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.