Advanced Micro Devices (NASDAQ:AMD) PT Raised to $120.00

Advanced Micro Devices (NASDAQ:AMD – Get Rating) had its target price raised by Bank of America from $105.00 to $120.00 in a report published on Tuesday morning, The Fly reports.

Other analysts have also issued research reports about the company. Sanford C. Bernstein lowered Advanced Micro Devices from an outperform rating to a market perform rating and dropped their price target for the stock from $95.00 to $80.00 in a research note on Tuesday, January 24th. Craig Hallum upgraded Advanced Micro Devices from a hold rating to a buy rating and boosted their price target for the company from $76.00 to $100.00 in a research note on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Advanced Micro Devices from $70.00 to $80.00 in a research report on Monday, April 24th. BMO Capital Markets initiated coverage on Advanced Micro Devices in a report on Wednesday, February 1st. They issued a buy rating and a $110.00 price target on the stock. Finally, KeyCorp lifted their price objective on Advanced Micro Devices from $95.00 to $110.00 and gave the stock an overweight rating in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $97.17.

Advanced Micro Devices Trading Up 11.2 %

Shares of Advanced Micro Devices stock opened at $120.35 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $95.31 and its 200-day moving average price is $81.58. The company has a market cap of $193.81 billion, a price-to-earnings ratio of 523.26, a PEG ratio of 8.15 and a beta of 1.94. Advanced Micro Devices has a 12-month low of $54.57 and a 12-month high of $120.69.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Advanced Micro Devices had a net margin of 1.71% and a return on equity of 7.19%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same period last year, the business earned $1.02 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 12,500 shares of the stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $94.85, for a total value of $1,185,625.00. Following the completion of the sale, the executive vice president now directly owns 95,942 shares in the company, valued at $9,100,098.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Paul Darren Grasby sold 12,500 shares of the stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $94.85, for a total value of $1,185,625.00. Following the transaction, the executive vice president now directly owns 95,942 shares of the company’s stock, valued at $9,100,098.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $81.69, for a total value of $2,450,700.00. Following the completion of the transaction, the executive vice president now directly owns 1,516,945 shares in the company, valued at $123,919,237.05. The disclosure for this sale can be found here. Insiders sold 118,765 shares of company stock worth $10,474,960 in the last three months. 0.73% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently bought and sold shares of AMD. Fairfield Bush & CO. purchased a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $836,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Advanced Micro Devices by 49.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after purchasing an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Advanced Micro Devices by 34.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after purchasing an additional 692 shares during the period. Raymond James Trust N.A. grew its position in shares of Advanced Micro Devices by 104.8% during the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after buying an additional 4,072 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Advanced Micro Devices by 217.2% during the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after buying an additional 272,557 shares in the last quarter. 67.17% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

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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.