Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $95.00 by Analysts at Sanford C. Bernstein

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its price objective trimmed by Sanford C. Bernstein from $125.00 to $95.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a market perform rating on the semiconductor manufacturer's stock.

Other analysts have also recently issued research reports about the stock. Evercore ISI cut their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. KeyCorp lowered Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Finally, Benchmark reissued a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.57.

Advanced Micro Devices Stock Up 2.7 %

Shares of Advanced Micro Devices stock traded up $2.42 on Tuesday, reaching $92.81. 9,626,302 shares of the company were exchanged, compared to its average volume of 42,777,481. The company has a market capitalization of $150.01 billion, a price-to-earnings ratio of 93.82, a PEG ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a one year low of $76.48 and a one year high of $187.28. The company has a 50-day moving average of $99.44 and a 200 day moving average of $121.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities research analysts forecast that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently added to or reduced their stakes in the stock. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $26,000. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. Finally, Kozak & Associates Inc. grew its position in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds 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.