Susquehanna Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $165.00

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price cut by stock analysts at Susquehanna from $200.00 to $165.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "positive" rating on the semiconductor manufacturer's stock. Susquehanna's target price indicates a potential upside of 38.82% from the company's current price.

Several other equities research analysts also recently weighed in on AMD. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Tuesday, January 14th. Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price objective for the company from $160.00 to $129.00 in a report on Tuesday. Piper Sandler reissued an "overweight" rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, Evercore ISI upped their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.86.

Advanced Micro Devices Stock Up 1.3 %

Shares of Advanced Micro Devices stock traded up $1.51 on Wednesday, reaching $118.86. 29,532,825 shares of the company were exchanged, compared to its average volume of 38,860,586. Advanced Micro Devices has a 1-year low of $112.80 and a 1-year high of $227.30. The company has a market cap of $192.89 billion, a P/E ratio of 107.08, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock's 50 day moving average price is $126.74 and its 200-day moving average price is $142.09.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of AMD. Charles Schwab Investment Management Inc. raised its position in shares of Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after purchasing an additional 177,700 shares during the period. Swiss National Bank raised its position in shares of Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after purchasing an additional 12,500 shares during the period. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $858,000. State Street Corp raised its position in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the period. 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.