KeyCorp Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $150.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective cut by KeyCorp from $220.00 to $150.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the semiconductor manufacturer’s stock.

AMD has been the subject of a number of other reports. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Evercore ISI lifted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $179.68.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $118.44 on Tuesday. The company has a market capitalization of $192.21 billion, a PE ratio of 106.70, a PEG ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $131.09 and its 200-day moving average price is $145.76. Advanced Micro Devices has a twelve month low of $114.41 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, equities analysts anticipate that Advanced Micro Devices will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of the stock. Total Clarity Wealth Management Inc. grew its holdings in shares of Advanced Micro Devices by 11.2% during the second quarter. Total Clarity Wealth Management Inc. now owns 1,640 shares of the semiconductor manufacturer’s stock valued at $266,000 after buying an additional 165 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in Advanced Micro Devices by 101.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,371 shares of the semiconductor manufacturer’s stock worth $2,331,000 after buying an additional 7,245 shares during the last quarter. MSA Advisors LLC bought a new position in Advanced Micro Devices during the 2nd quarter valued at about $1,000,000. WealthPLAN Partners LLC boosted its holdings in shares of Advanced Micro Devices by 142.1% during the 2nd quarter. WealthPLAN Partners LLC now owns 4,832 shares of the semiconductor manufacturer’s stock valued at $784,000 after acquiring an additional 2,836 shares during the last quarter. Finally, Excalibur Management Corp bought a new stake in shares of Advanced Micro Devices in the second quarter worth approximately $323,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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.