Advanced Micro Devices (NASDAQ:AMD) PT Raised to $200.00 at Piper Sandler

Advanced Micro Devices (NASDAQ:AMD) had its price objective upped by investment analysts at Piper Sandler from $175.00 to $200.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Piper Sandler’s target price points to a potential upside of 19.13% from the company’s current price.

Other equities analysts have also issued reports about the stock. Truist Financial decreased their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Robert W. Baird cut their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

Advanced Micro Devices Trading Up 2.3 %

Advanced Micro Devices stock opened at $167.89 on Friday. The stock’s 50 day simple moving average is $151.34 and its two-hundred day simple moving average is $157.58. Advanced Micro Devices has a 12 month low of $93.11 and a 12 month high of $227.30. The firm has a market cap of $271.36 billion, a PE ratio of 246.90, a P/E/G ratio of 2.33 and a beta of 1.70. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after acquiring an additional 116,020 shares in the last quarter. Chapin Davis Inc. lifted its holdings in shares of Advanced Micro Devices by 613.4% in the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,544 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Advanced Micro Devices by 77.4% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock worth $7,237,000 after acquiring an additional 21,417 shares during the period. St. Louis Financial Planners Asset Management LLC bought a new position in Advanced Micro Devices in the 3rd quarter worth approximately $2,394,000. Finally, Sycomore Asset Management lifted its holdings in Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after purchasing an additional 30,677 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

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.