Advanced Micro Devices (NASDAQ:AMD) Given New $162.00 Price Target at Stifel Nicolaus

Advanced Micro Devices (NASDAQ:AMD) had its price target cut by research analysts at Stifel Nicolaus from $200.00 to $162.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Stifel Nicolaus’ price target suggests a potential upside of 47.06% from the company’s previous close.

Several other research analysts also recently commented on AMD. KeyCorp reduced their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their price target on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Finally, Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.30.

Advanced Micro Devices Stock Performance

AMD opened at $110.16 on Wednesday. Advanced Micro Devices has a 12-month low of $106.50 and a 12-month high of $227.30. The stock’s 50 day moving average price is $124.53 and its two-hundred day moving average price is $140.39. The firm has a market capitalization of $178.77 billion, a P/E ratio of 99.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. On average, equities analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Hedge funds have recently made changes to their positions in the stock. Vestmark Advisory Solutions Inc. lifted its stake in shares of Advanced Micro Devices by 51.1% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 24,572 shares of the semiconductor manufacturer’s stock valued at $2,968,000 after acquiring an additional 8,315 shares during the last quarter. Ethos Financial Group LLC boosted its holdings in shares of Advanced Micro Devices by 36.8% during the 4th quarter. Ethos Financial Group LLC now owns 2,045 shares of the semiconductor manufacturer’s stock worth $247,000 after buying an additional 550 shares in the last quarter. Promus Capital LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $74,000. Arizona State Retirement System lifted its holdings in shares of Advanced Micro Devices by 1.3% in the fourth quarter. Arizona State Retirement System now owns 469,457 shares of the semiconductor manufacturer’s stock valued at $56,706,000 after purchasing an additional 6,085 shares in the last quarter. Finally, Vantage Financial Partners LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at $277,000. 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.