Advanced Micro Devices (NASDAQ:AMD) Given New $175.00 Price Target at Citigroup

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its price objective cut by Citigroup from $200.00 to $175.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the semiconductor manufacturer's stock.

AMD has been the subject of several other research reports. Morgan Stanley cut their target price on Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. UBS Group decreased their target price on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Mizuho decreased their target price on Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Wolfe Research cut Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price target on Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $177.71.

Advanced Micro Devices Price Performance

AMD stock traded up $1.47 during mid-day trading on Tuesday, reaching $123.75. 34,899,981 shares of the company traded hands, compared to its average volume of 39,186,578. 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 company has a market capitalization of $200.82 billion, a P/E ratio of 111.49, a P/E/G ratio of 1.07 and a beta of 1.66. Advanced Micro Devices has a 52-week low of $114.41 and a 52-week high of $227.30. The company has a fifty day moving average price of $128.99 and a 200-day moving average price of $144.41.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last quarter. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently modified their holdings of AMD. Creative Capital Management Investments LLC lifted its stake in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 86 shares during the last quarter. ZRC Wealth Management LLC raised its position in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $32,000. Finally, Abich Financial Wealth Management LLC raised its position in Advanced Micro Devices by 101.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. 71.34% of the stock is 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.