Wells Fargo & Company Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $205.00

Advanced Micro Devices (NASDAQ:AMD) had its price target hoisted by stock analysts at Wells Fargo & Company from $190.00 to $205.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 12.88% from the stock’s previous close.

AMD has been the subject of a number of other research reports. TD Cowen boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Morgan Stanley downgraded shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock. in a research note on Monday, June 10th. Jefferies Financial Group began coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. Finally, DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $191.00.

Advanced Micro Devices Trading Down 0.2 %

AMD stock opened at $181.61 on Thursday. Advanced Micro Devices has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market capitalization of $293.54 billion, a price-to-earnings ratio of 267.08, a price-to-earnings-growth ratio of 2.13 and a beta of 1.68. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $163.15 and its two-hundred day simple moving average is $167.21.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. As a group, analysts anticipate that Advanced Micro Devices will post 2.61 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently bought and sold shares of the business. Tradewinds Capital Management LLC lifted its position in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Semmax Financial Advisors Inc. raised its stake in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the last quarter. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.