Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $162.00

Advanced Micro Devices (NASDAQ:AMD) had its price target lowered by research analysts at Truist Financial from $174.00 to $162.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the semiconductor manufacturer’s stock. Truist Financial’s price target points to a potential upside of 2.29% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Wednesday, January 24th. DZ Bank reissued a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Citigroup raised their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $185.79.

Advanced Micro Devices Trading Down 1.1 %

Shares of AMD stock opened at $158.38 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a market capitalization of $255.96 billion, a P/E ratio of 304.58, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. The company has a 50 day moving average price of $177.04 and a 200 day moving average price of $151.59. Advanced Micro Devices has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Equities research analysts predict that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Advanced Micro Devices by 813.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock worth $685,089,000 after acquiring an additional 4,138,612 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 15,896.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after acquiring an additional 3,714,069 shares during the period. Capital World Investors boosted its stake in shares of Advanced Micro Devices by 176.9% during the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after acquiring an additional 2,982,704 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after acquiring an additional 2,553,392 shares during the period. 71.34% of the stock is currently owned by 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.