Advanced Micro Devices (NASDAQ: AMD) saw its target price reduced by Cowen stock research analysts from $160.00 to $145.00 in a research note released Tuesday to investors, reports The Fly. Cowen’s price target suggests a potential upside of 24.50% from the current stock price.
Several other research companies have also recently weighed in on AMD. UBS Group raised its price target on Advanced Micro Devices shares from $105.00 to $115.00 and gave the company a “neutral” rating in a Wednesday, October 27 research report. Erste Group cut Advanced Micro Devices shares from a “buy” rating to a “hold” rating in a research report on Thursday, Dec. 9. Barclays set a price target of $148.00 on shares of Advanced Micro Devices in a research report on Wednesday, February 2. BMO Capital Markets reiterated a “hold” rating on Advanced Micro Devices shares in a research report Friday, Oct. 29. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Advanced Micro Devices shares from $120.00 to $140.00 and gave the company a “holding” rating in a Wednesday 2 research report. February. One equity research analyst rated the stock with a sell rating, eleven gave the company a hold rating and seventeen gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $148.30.
NASDAQ:AMD shares traded at $2.20 in Tuesday’s midday session, hitting $116.47. 823,634 shares of the company were traded, against an average volume of 93,006,852. The company’s 50-day simple moving average is $132.30 and its two-hundred-day simple moving average is $124.14 . The company has a market capitalization of $139.68 billion, a PE ratio of 44.84, a growth price-earnings ratio of 1.37 and a beta of 1.95. Advanced Micro Devices has a 12 month minimum of $72.50 and a 12 month maximum of $164.46.
Advanced Micro Devices (NASDAQ:AMD) last released quarterly earnings data on Tuesday, February 1. The semiconductor maker reported EPS of $0.83 for the quarter, beating analyst consensus estimates of $0.69 by $0.14. The company posted revenue of $4.83 billion in the quarter, versus a consensus estimate of $4.52 billion. Advanced Micro Devices had a net margin of 19.24% and a return on equity of 44.25%. The company’s revenue for the quarter increased by 48.8% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.45. As a group, equity research analysts expect Advanced Micro Devices to post EPS of 3.71 for the current year.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company in a trade dated Tuesday, Dec. 7. The shares were sold at an average price of $143.72, for a total transaction of $17,965,000.00. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Additionally, SVP Forrest Eugene Norrod sold 25,500 shares of the company in a transaction dated Monday, November 22. The stock was sold at an average price of $158.15, for a total transaction of $4,032,825.00. The disclosure of this sale can be found here. In the past three months, insiders have sold 345,134 shares of the company worth $49,802,501. Insiders own 1.00% of the shares of the company.
Several institutional investors have recently increased or reduced their stake in AMD. Carolinas Wealth Consulting LLC increased its stake in shares of Advanced Micro Devices by 127.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 268 shares of the semiconductor maker worth $25,000 after buying 150 more shares in the last quarter. MCF Advisors LLC increased its stake in shares of Advanced Micro Devices by 252.8% during the 3rd quarter. MCF Advisors LLC now owns 254 shares of the semiconductor maker worth $26,000 after buying 182 additional shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Advanced Micro Devices in Q3 worth approximately $33,000. Wagner Wealth Management LLC increased its stake in Advanced Micro Devices by 35.9% in the third quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor maker valued at $34,000 after buying 75 additional shares in the last quarter. Finally, First Command Financial Services Inc. acquired a new position in Advanced Micro Devices in Q4 worth approximately $34,000. Institutional investors hold 67.54% of the company’s shares.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc engages in supplying semiconductor businesses. It operates through the following segments: IT and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes processors and chipsets for desktop and laptop computers, discrete and integrated graphics processing units, data centers and professional GPUs, and development services.
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