Analysts Set Advanced Micro Devices, Inc. (NASDAQ:AMD) Target Price at $192.79

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirty-two analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $192.79.

A number of brokerages recently commented on AMD. Robert W. Baird decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. Citigroup lowered their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Truist Financial reduced their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a report on Wednesday, July 31st. Benchmark reaffirmed a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th.

Advanced Micro Devices Stock Up 0.6 %

AMD stock traded up $0.86 during trading on Friday, hitting $138.35. 21,784,728 shares of the stock traded hands, compared to its average volume of 37,515,284. The stock has a market cap of $224.52 billion, a price-to-earnings ratio of 124.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.71. 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 has a 1 year low of $116.37 and a 1 year high of $227.30. The firm's 50 day moving average is $153.67 and its two-hundred day moving average is $154.58.

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

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the executive vice president now owns 293,347 shares in the company, 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. Company insiders own 0.73% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the business. EntryPoint Capital LLC grew its holdings in Advanced Micro Devices by 81.9% in the first quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer's stock worth $62,000 after purchasing an additional 154 shares during the last quarter. 1832 Asset Management L.P. raised its stake in Advanced Micro Devices by 70.6% in the first quarter. 1832 Asset Management L.P. now owns 137,102 shares of the semiconductor manufacturer's stock valued at $24,746,000 after buying an additional 56,736 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in Advanced Micro Devices in the first quarter worth about $273,000. Kestra Advisory Services LLC grew its stake in shares of Advanced Micro Devices by 36.5% during the first quarter. Kestra Advisory Services LLC now owns 118,228 shares of the semiconductor manufacturer's stock worth $21,339,000 after acquiring an additional 31,644 shares during the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of Advanced Micro Devices by 9.3% during the first quarter. Bamco Inc. NY now owns 237,143 shares of the semiconductor manufacturer's stock valued at $42,802,000 after acquiring an additional 20,145 shares in the last quarter. 71.34% of the stock is currently owned by 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.