Advanced Micro Devices (NASDAQ: AMD) saw its target price raised by analysts at Jefferies Financial Group from $145.00 to $155.00 in a report on Wednesday, Briefing.com reports. The company currently has a “buy” rating on the semiconductor maker’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 25.47% from the current share price.
AMD has been the subject of a number of other reports. Raymond James raised his target price on Advanced Micro Devices shares from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday. 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 report. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price target on Advanced Micro Devices shares in a Wednesday, January 19 report. Erste Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a Thursday, Dec. 9 report. Finally, Cowen raised his price target on Advanced Micro Devices shares from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst rated the stock with a sell rating, eleven assigned a hold rating, and seventeen assigned the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $148.85.
Shares of Advanced Micro Devices rose $6.76 on Wednesday, hitting $123.54. 4,481,922 shares of the company have been traded, compared to its average volume of 78,968,496. The company has a fifty-day moving average of $137.68 and a two-hundred-day moving average of $122.09. The company has a market cap of $149.19 billion, a price-to-earnings ratio of 38.33, a growth price-to-earnings ratio of 0.81, and a beta of 1.95. Advanced Micro Devices has a one-year minimum of $72.50 and a one-year maximum of $164.46.
Advanced Micro Devices Inc (NASDAQ:AMD) last released its quarterly results on Tuesday, February 1. The semiconductor maker reported EPS of $0.92 for the quarter, beating the Zacks consensus estimate of $0.76 by $0.16. Advanced Micro Devices had a return on equity of 40.18% and a net margin of 26.72%. The company posted revenue of $4.83 billion in the quarter, versus analyst estimates of $4.52 billion. During the same period last year, the company earned earnings per share of $0.45. The company’s revenue for the quarter increased 48.8% year over year. As a group, analysts expect Advanced Micro Devices to post EPS of 2.38 for the current year.
Separately, SVP Forrest Eugene Norrod sold 25,500 shares in a trade that took place on Monday, November 22. The stock was sold at an average price of $158.15, for a total value of $4,032,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, CAO Darla M. Smith sold 1,396 shares of the company in a trade on Tuesday, November 9. The stock was sold at an average price of $154.00, for a total value of $214,984.00. The disclosure of this sale can be found here. Insiders sold a total of 469,534 shares of the company valued at $69,590,472 over the past three months. 1.00% of the shares are held by insiders.
Institutional investors have recently been buying and selling shares of the stock. Carolinas Wealth Consulting LLC increased its holdings in Advanced Micro Devices by 127.1% during the second 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 position in Advanced Micro Devices shares by 252.8% during the third 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 bought a new position in shares of Advanced Micro Devices during Q3 for a value of approximately $33,000. Wagner Wealth Management LLC increased its equity stake in Advanced Micro Devices by 35.9% during the third quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor maker worth $34,000 after acquiring 75 additional shares during the period. Finally, First Command Financial Services Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter for a value of approximately $34,000. Institutional investors and hedge funds hold 67.54% of the company’s shares.
About advanced micro devices
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 notebook computers, discrete and integrated graphics processing units, data centers and professional GPUs, and development services.
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