Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $135.00 at Susquehanna

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price cut by analysts at Susquehanna from $150.00 to $135.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "positive" rating on the semiconductor manufacturer's stock. Susquehanna's price target suggests a potential upside of 46.93% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Benchmark restated a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Argus set a $160.00 price target on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein decreased their price objective on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $140.57.

Advanced Micro Devices Stock Up 1.6 %

AMD opened at $91.88 on Thursday. The firm's 50 day simple moving average is $99.44 and its two-hundred day simple moving average is $121.95. 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 1-year low of $76.48 and a 1-year high of $187.28. The company has a market capitalization of $148.51 billion, a PE ratio of 92.33, a PEG ratio of 1.11 and a beta of 1.89.

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

Insider Activity at Advanced Micro Devices

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

Hedge Funds Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock valued at $4,224,840,000 after purchasing an additional 835,413 shares during the period. Fisher Asset Management LLC raised its stake in Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock valued at $2,909,350,000 after acquiring an additional 290,784 shares in the last quarter. Norges Bank acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $2,867,193,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock worth $2,585,079,000 after acquiring an additional 1,929,225 shares during the period. 71.34% of the stock is owned by hedge funds and other 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.

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