Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives $161.30 Consensus Target Price from Analysts

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned a consensus rating of “Moderate Buy” from the thirty-one analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $158.70.

AMD has been the topic of a number of analyst reports. Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. UBS Group cut their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Finally, Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th.

Advanced Micro Devices Trading Up 2.7 %

NASDAQ:AMD opened at $110.48 on Thursday. Advanced Micro Devices has a 52-week low of $106.50 and a 52-week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $123.42 and a 200-day simple moving average of $139.71. The company has a market capitalization of $179.03 billion, a PE ratio of 111.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities research analysts expect that Advanced Micro Devices will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Czech National Bank grew its position in shares of Advanced Micro Devices by 7.0% during the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock worth $54,099,000 after buying an additional 21,708 shares in the last quarter. Versant Capital Management Inc grew its holdings in Advanced Micro Devices by 28.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,128 shares of the semiconductor manufacturer’s stock worth $185,000 after acquiring an additional 253 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Advanced Micro Devices by 9.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 37,936 shares of the semiconductor manufacturer’s stock worth $6,225,000 after purchasing an additional 3,429 shares during the last quarter. City Holding Co. raised its stake in shares of Advanced Micro Devices by 3.2% in the 3rd quarter. City Holding Co. now owns 36,224 shares of the semiconductor manufacturer’s stock valued at $5,944,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Reliant Investment Management LLC lifted its position in shares of Advanced Micro Devices by 4.2% during the third quarter. Reliant Investment Management LLC now owns 36,907 shares of the semiconductor manufacturer’s stock worth $6,056,000 after purchasing an additional 1,483 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.