Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $150.00 by Analysts at Susquehanna

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its price target trimmed by Susquehanna from $165.00 to $150.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a positive rating on the semiconductor manufacturer's stock.

AMD has been the subject of several other research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Benchmark dropped their price target on shares of Advanced Micro Devices from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective for the company. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $158.70.

Advanced Micro Devices Stock Down 2.4 %

Shares of AMD stock traded down $2.60 during trading hours on Wednesday, reaching $107.56. 45,877,635 shares of the company's stock were exchanged, compared to its average volume of 41,959,376. The stock has a market cap of $174.30 billion, a PE ratio of 108.65, a PEG ratio of 1.04 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock's fifty day moving average price is $123.42 and its two-hundred day moving average price is $139.84. Advanced Micro Devices has a 1 year low of $106.50 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts predict that Advanced Micro Devices will post 4.11 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company'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 transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.73% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMD. Christopher J. Hasenberg Inc increased its holdings in Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after acquiring an additional 60 shares in the last quarter. Wealth Effects LLC lifted its stake in shares of Advanced Micro Devices by 0.7% during the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock worth $1,545,000 after purchasing an additional 65 shares during the period. Jacobsen Capital Management grew its holdings in Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock valued at $554,000 after buying an additional 70 shares during the period. Sigma Investment Counselors Inc. increased its position in Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock worth $243,000 after purchasing an additional 74 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC increased its holdings in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock worth $292,000 after buying an additional 74 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.