Evercore ISI Issues Pessimistic Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective cut by analysts at Evercore ISI from $147.00 to $126.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor manufacturer's stock. Evercore ISI's target price would indicate a potential upside of 44.00% from the stock's current price.

AMD has been the subject of several other research reports. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their target price for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Benchmark reaffirmed a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, HSBC reissued a "reduce" rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $144.90.

Advanced Micro Devices Stock Down 0.9 %

AMD traded down $0.79 on Thursday, hitting $87.50. 34,685,670 shares of the company were exchanged, compared to its average volume of 43,016,706. The firm has a 50-day moving average price of $100.93 and a two-hundred day moving average price of $123.30. 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 twelve month low of $76.48 and a twelve month high of $187.28. The company has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89.

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

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired 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 in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly 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. Insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently modified their holdings of AMD. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $26,000. Greenline Partners LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, Kozak & Associates Inc. lifted its position in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after buying an additional 123 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.