Advanced Micro Devices (NASDAQ:AMD) Given New $140.00 Price Target at Barclays

Advanced Micro Devices (NASDAQ:AMDFree Report) had its target price reduced by Barclays from $170.00 to $140.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the semiconductor manufacturer’s stock.

Several other analysts have also recently weighed in on AMD. UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.61.

Get Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Up 2.5 %

Shares of NASDAQ:AMD opened at $121.46 on Friday. Advanced Micro Devices has a 1 year low of $114.41 and a 1 year high of $227.30. The company has a market cap of $197.11 billion, a PE ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. 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 stock’s 50-day moving average is $129.94 and its 200 day moving average is $145.19.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT raised its position in Advanced Micro Devices by 2.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer’s stock worth $1,092,000 after purchasing an additional 141 shares during the period. Richardson Financial Services Inc. boosted its stake in shares of Advanced Micro Devices by 45.1% during the second quarter. Richardson Financial Services Inc. now owns 515 shares of the semiconductor manufacturer’s stock valued at $84,000 after purchasing an additional 160 shares in the last quarter. ProVise Management Group LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $399,000. Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 18.5% during the second quarter. Brighton Jones LLC now owns 28,265 shares of the semiconductor manufacturer’s stock valued at $4,585,000 after purchasing an additional 4,404 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Advanced Micro Devices by 10.8% during the second quarter. Ieq Capital LLC now owns 96,038 shares of the semiconductor manufacturer’s stock valued at $15,578,000 after purchasing an additional 9,363 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

(Get Free Report)

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.

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