Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $110.00 at Barclays

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective decreased by stock analysts at Barclays from $140.00 to $110.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor manufacturer's stock. Barclays's price target suggests a potential upside of 16.79% from the stock's current price.

AMD has been the subject of a number of other research reports. Bank of America decreased their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Benchmark restated a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Finally, Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Advanced Micro Devices Stock Down 0.3 %

NASDAQ:AMD traded down $0.28 on Tuesday, hitting $94.19. The stock had a trading volume of 6,579,636 shares, compared to its average volume of 42,724,540. Advanced Micro Devices has a 1 year low of $76.48 and a 1 year high of $187.28. The firm's fifty day simple moving average is $99.07 and its two-hundred day simple moving average is $121.42. The stock has a market cap of $152.24 billion, a P/E ratio of 95.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. Analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the 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 of the company's stock, valued at $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. Howard Capital Management Group LLC lifted its holdings in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 324 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares in the last quarter. Advisory Resource Group lifted its stake in Advanced Micro Devices by 19.3% in the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock worth $1,300,000 after acquiring an additional 1,282 shares during the period. Westside Investment Management Inc. boosted its holdings in Advanced Micro Devices by 1.9% in the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock valued at $815,000 after acquiring an additional 103 shares in the last quarter. Finally, Anchor Investment Management LLC increased its position in Advanced Micro Devices by 29.6% during the 3rd quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer's stock valued at $1,259,000 after purchasing an additional 1,754 shares during the period. 71.34% of the stock is currently owned by 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.