Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $150.00 by Analysts at Susquehanna

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by Susquehanna from $165.00 to $150.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the semiconductor manufacturer’s stock. Susquehanna’s price objective suggests a potential upside of 36.17% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Bank of America cut their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. Mizuho lowered their price target on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday. Finally, UBS Group lowered their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.30.

Advanced Micro Devices Trading Down 1.7 %

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

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 return on equity of 6.62% and a net margin of 7.52%. As a group, analysts predict that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices 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 completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently bought and sold shares of the business. Czech National Bank grew its stake in shares of Advanced Micro Devices by 7.0% in the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock worth $54,099,000 after acquiring an additional 21,708 shares during the period. Versant Capital Management Inc boosted its holdings in Advanced Micro Devices by 28.9% in the third quarter. Versant Capital Management Inc now owns 1,128 shares of the semiconductor manufacturer’s stock worth $185,000 after purchasing an additional 253 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Advanced Micro Devices by 9.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 37,936 shares of the semiconductor manufacturer’s stock worth $6,225,000 after purchasing an additional 3,429 shares during the period. City Holding Co. raised its stake in Advanced Micro Devices by 3.2% during the 3rd quarter. City Holding Co. now owns 36,224 shares of the semiconductor manufacturer’s stock valued at $5,944,000 after buying an additional 1,135 shares during the last quarter. Finally, Reliant Investment Management LLC lifted its holdings in shares of Advanced Micro Devices by 4.2% during the 3rd quarter. Reliant Investment Management LLC now owns 36,907 shares of the semiconductor manufacturer’s stock valued at $6,056,000 after buying an additional 1,483 shares during the period. Hedge funds and other institutional investors 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.