Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $150.00 at TD Cowen

Advanced Micro Devices (NASDAQ:AMDFree Report) had its price target reduced by TD Cowen from $185.00 to $150.00 in a research note released on Monday, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Several other research analysts also recently issued reports on AMD. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday, January 6th. UBS Group cut their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.44.

Get Our Latest Stock Analysis on AMD

Advanced Micro Devices Stock Up 1.1 %

Shares of NASDAQ:AMD opened at $117.32 on Monday. Advanced Micro Devices has a one year low of $114.41 and a one year high of $227.30. The company has a 50 day moving average of $132.11 and a 200-day moving average of $146.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market cap of $190.39 billion, a price-to-earnings ratio of 105.69, a P/E/G ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company earned $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in Advanced Micro Devices during the second quarter worth $1,726,000. Rathbones Group PLC increased its position in Advanced Micro Devices by 20.6% in the 2nd quarter. Rathbones Group PLC now owns 23,036 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after acquiring an additional 3,929 shares during the period. Fairfield Financial Advisors LTD acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $986,000. Greenwich Wealth Management LLC increased its position in Advanced Micro Devices by 29.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 1,455 shares of the semiconductor manufacturer’s stock valued at $236,000 after acquiring an additional 333 shares during the period. Finally, Valley Forge Investment Consultants Inc. ADV purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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