Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $140.00 by Analysts at Barclays

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective cut by investment analysts at Barclays from $170.00 to $140.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor manufacturer's stock. Barclays's price objective suggests a potential upside of 15.26% from the stock's current price.

AMD has been the subject of a number of other research reports. TD Cowen dropped their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a report on Monday, January 13th. Hsbc Global Res cut shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Evercore ISI raised their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $178.61.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $3.02 during midday trading on Friday, reaching $121.46. 35,556,654 shares of the stock traded hands, compared to its average volume of 34,940,360. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 12 month low of $114.41 and a 12 month high of $227.30. The stock's fifty day moving average is $129.94 and its 200-day moving average is $145.32. The stock has a market cap of $197.11 billion, a P/E ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66.

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

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company's 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 over the last quarter. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bradley Foster & Sargent Inc. CT lifted its position in Advanced Micro Devices by 2.1% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer's stock worth $1,092,000 after buying an additional 141 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in Advanced Micro Devices by 45.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 515 shares of the semiconductor manufacturer's stock valued at $84,000 after purchasing an additional 160 shares during the last quarter. ProVise Management Group LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $399,000. Brighton Jones LLC increased its holdings in shares of Advanced Micro Devices by 18.5% during the 2nd quarter. Brighton Jones LLC now owns 28,265 shares of the semiconductor manufacturer's stock worth $4,585,000 after buying an additional 4,404 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of Advanced Micro Devices by 10.8% during the 2nd quarter. Ieq Capital LLC now owns 96,038 shares of the semiconductor manufacturer's stock valued at $15,578,000 after buying an additional 9,363 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

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.