Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $140.00 at Barclays

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price decreased by research analysts at Barclays from $170.00 to $140.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor manufacturer's stock. Barclays's price objective indicates a potential upside of 15.40% from the stock's current price.

A number of other analysts also recently weighed in on AMD. Hsbc Global Res downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Benchmark reiterated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday. They issued a "buy" rating and a $175.00 price objective for the company. Bank of America lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Finally, Roth Mkm reissued a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. 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. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $178.61.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $2.88 during trading on Friday, reaching $121.32. The company had a trading volume of 26,804,097 shares, compared to its average volume of 39,486,402. The firm's 50 day simple moving average is $131.09 and its two-hundred day simple moving average is $145.76. Advanced Micro Devices has a one year low of $114.41 and a one year high of $227.30. 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 $196.88 billion, a PE ratio of 109.22, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. During the same period in the previous year, the company earned $0.53 earnings per share. Advanced Micro Devices's revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after acquiring an additional 7,815,305 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Advanced Micro Devices by 42.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after purchasing an additional 2,497,056 shares during the period. State Street Corp increased its holdings in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Advanced Micro Devices by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock valued at $3,195,000,000 after purchasing an additional 1,565,083 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Advanced Micro Devices by 11.3% in the third quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock valued at $1,471,128,000 after purchasing an additional 975,220 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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.