Brokerages Set Advanced Micro Devices, Inc. (NASDAQ:AMD) Price Target at $192.36

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirty-one ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $192.36.

AMD has been the topic of several research analyst reports. Piper Sandler restated an "overweight" rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Barclays dropped their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a "buy" rating for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 over the last 90 days. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds have recently modified their holdings of AMD. Creative Capital Management Investments LLC grew its holdings in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its position in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 75 shares during the period. Fairway Wealth LLC acquired a new stake in Advanced Micro Devices in the 2nd quarter worth about $27,000. Morton Brown Family Wealth LLC boosted its holdings in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 85 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD traded down $3.61 during trading hours on Wednesday, hitting $121.41. The stock had a trading volume of 48,276,762 shares, compared to its average volume of 53,765,156. Advanced Micro Devices has a 52 week low of $120.43 and a 52 week high of $227.30. The stock has a market capitalization of $197.02 billion, a price-to-earnings ratio of 109.38, a P/E/G ratio of 1.88 and a beta of 1.65. The company's fifty day moving average is $144.88 and its two-hundred day moving average is $151.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

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

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.