Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report)’s share price was down 1.4% on Tuesday after KeyCorp lowered their price target on the stock from $220.00 to $150.00. KeyCorp currently has an overweight rating on the stock. Advanced Micro Devices traded as low as $115.50 and last traded at $115.65. Approximately 13,605,598 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 39,382,988 shares. The stock had previously closed at $117.32.
Several other equities research analysts have also commented on the company. TD Cowen cut their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday. Citigroup cut their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Roth Mkm reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Piper Sandler restated an “overweight” rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Morgan Stanley dropped their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.68.
Read Our Latest Stock Analysis on AMD
Insider Activity
Hedge Funds Weigh In On Advanced Micro Devices
Several large investors have recently bought and sold shares of the business. Christopher J. Hasenberg Inc increased its holdings in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after buying an additional 60 shares during the last quarter. Wealth Effects LLC increased its holdings in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after buying an additional 65 shares during the last quarter. Jacobsen Capital Management grew its holdings in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after purchasing an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. grew its holdings in shares of 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 grew its holdings in shares of Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Performance
The firm has a fifty day simple moving average of $131.60 and a 200-day simple moving average of $145.95. The company has a market cap of $194.67 billion, a PE ratio of 108.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. 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 (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.
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.
Read More
- Five stocks we like better than Advanced Micro Devices
- How to Invest in Small Cap StocksĀ
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- Insider Trades May Not Tell You What You Think
- How Do Stock Buybacks Affect Shareholders?
- Investing in Construction Stocks
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.