Susquehanna Bancshares raises price target for advanced micro-devices (NASDAQ: AMD) to $ 175.00


Advanced micro-devices (NASDAQ: AMD) saw its price target raised by stock analysts at Susquehanna Bancshares from $ 145.00 to $ 175.00 in a research note released to investors on Tuesday, Target equity advisor reports. The brokerage currently has a “positive” rating on the shares of the semiconductor maker. Susquehanna Bancshares’ price target would point to a potential rise of 16.54% from the company’s previous close.

Other research analysts have also published research reports on the stock. Wedbush raised its price target on Advanced Micro Devices shares from $ 140.00 to $ 165.00 and gave the company an “outperformance” rating in a research note on Tuesday. Truist Securities raised its price target for Advanced Micro Devices shares from $ 102.00 to $ 128.00 and assigned the company a “conservation” rating in a report released on Wednesday, October 27. Zacks investment research downgraded the shares of Advanced Micro Devices from a “buy” rating to a “keep” rating and set a price target of $ 124.00 for the stock. in a report on Tuesday, September 28. Deutsche Bank Aktiengesellschaft raised its price target on Advanced Micro Devices shares from $ 90.00 to $ 113.00 and assigned the company a “conservation” rating in a report released on Wednesday, October 27. Finally, the Goldman Sachs group reiterated a “buy” note and issued a price target of $ 130.00 on shares of Advanced Micro Devices in a report released on Friday, August 27. An equity research analyst rated the stock with a sell rating, eleven assigned a conservation rating, and twenty assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $ 136.00.

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Actions of Stock of advanced micro-devices open for $ 150.16 Tuesday. The stock has a market cap of $ 181.33 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 1.24, and a beta of 2.02. The company has a 50-day simple moving average of $ 112.27 and a 200-day simple moving average of $ 97.52. Advanced Micro Devices has a 12 month low of $ 72.50 and a 12 month high of $ 153.60.

Advanced Micro Devices (NASDAQ: AMD) last released its quarterly earnings data on Monday, October 25. The semiconductor maker reported earnings per share of $ 0.73 for the quarter, beating the consensus estimate of $ 0.67 by $ 0.06. The company posted revenue of $ 4.31 billion in the quarter, compared to $ 4.11 billion expected by analysts. Advanced Micro Devices recorded a net margin of 26.72% and a return on equity of 40.18%. The company’s quarterly revenue increased 54.0% compared to the same quarter last year. In the same quarter of last year, the company posted $ 0.35 in EPS. On average, stock analysts predict that Advanced Micro Devices will post an EPS of 2.39 for the current year.

In other news, EVP Rick bergman sold 2,000 shares of the company in a transaction that took place on Tuesday, August 24. The stock was sold for an average price of $ 109.43, for a total value of $ 218,860.00. Following the closing of the transaction, the Executive Vice President now owns 93,988 shares of the company, valued at $ 10,285,106.84. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible via this link. In addition, CEO Lisa T. Su sold 125,000 shares of the company in a transaction that took place on Tuesday, August 24. The shares were sold at an average price of $ 108.08, for a total value of $ 13,510,000.00. Following the completion of the transaction, the CEO now directly owns 2,816,603 shares of the company, valued at approximately $ 304,418,452.24. Disclosure of this sale can be found here. Insiders have sold 387,388 shares of the company valued at $ 42,298,397 in the past ninety days. 1.00% of the shares are currently owned by insiders of the company.

A number of large investors have recently increased or reduced their stakes in AMD. Fisher Asset Management LLC increased its stake in Advanced Micro Devices shares by 57.5% in the 3rd quarter. Fisher Asset Management LLC now owns 15,779,331 shares of the semiconductor maker valued at $ 1,623,693,000 after purchasing an additional 5,757,675 shares in the last quarter. Amundi took a new position in Advanced Micro Devices shares in the second quarter for an amount of $ 341,365,000. Atreides Management LP purchased a new position in Advanced Micro Devices shares in the 1st quarter valued at $ 237,690,000. Carmignac Gestion took a new position in Advanced Micro Devices shares in the second quarter for an amount of $ 211,046,000. Finally, Artisan Partners Limited Partnership increased its stake in Advanced Micro Devices shares by 17.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 12,858,635 shares of the semiconductor maker valued at $ 1,207,812,000 after purchasing an additional 1,870,196 shares in the last quarter. 67.06% of the shares are held by institutional investors and hedge funds.

About advanced micro-devices

Advanced Micro Devices, Inc. engages in the supply of semiconductor companies. It operates through the following segments: IT and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing & Graphics segment includes desktop and laptop processors and chipsets, discrete and integrated graphics processing units, professional data centers and GPUs, and development services.

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Analyst recommendations for advanced micro-devices (NASDAQ: AMD)

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