Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $190.00 at Roth Mkm

Advanced Micro Devices (NASDAQ:AMDFree Report) had its target price increased by Roth Mkm from $125.00 to $190.00 in a report published on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the semiconductor manufacturer’s stock.

Several other research firms have also weighed in on AMD. Rosenblatt Securities reaffirmed a buy rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. TD Cowen lifted their price objective on Advanced Micro Devices from $130.00 to $185.00 and gave the company an outperform rating in a research note on Thursday, January 18th. Melius upgraded Advanced Micro Devices from a hold rating to a buy rating in a report on Monday, January 8th. Wedbush reiterated an outperform rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday. Finally, Wells Fargo & Company raised their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the company an overweight rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of Moderate Buy and an average target price of $175.39.

View Our Latest Stock Report on AMD

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $167.69 on Wednesday. The firm has a market capitalization of $268.30 billion, a P/E ratio of 1,397.53, a P/E/G ratio of 4.72 and a beta of 1.70. Advanced Micro Devices has a 1-year low of $72.03 and a 1-year high of $184.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.61. The business’s 50-day simple moving average is $144.01 and its 200-day simple moving average is $120.52.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts predict that Advanced Micro Devices will post 1.92 EPS for the current year.

Insider Activity

In other news, CAO Darla M. Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $125.69, for a total value of $502,760.00. Following the completion of the sale, the chief accounting officer now directly owns 5,604 shares in the company, valued at approximately $704,366.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total value of $8,829,750.00. Following the completion of the sale, the chief executive officer now directly owns 3,347,640 shares in the company, valued at approximately $394,117,657.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Darla M. Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $125.69, for a total value of $502,760.00. Following the transaction, the chief accounting officer now owns 5,604 shares of the company’s stock, valued at approximately $704,366.76. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. abrdn plc boosted its position in Advanced Micro Devices by 37.8% during the 4th quarter. abrdn plc now owns 1,160,319 shares of the semiconductor manufacturer’s stock valued at $171,043,000 after purchasing an additional 318,264 shares during the period. Ipswich Investment Management Co. Inc. boosted its position in Advanced Micro Devices by 6.2% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 17,251 shares of the semiconductor manufacturer’s stock valued at $2,543,000 after purchasing an additional 1,000 shares during the period. J.W. Cole Advisors Inc. boosted its position in Advanced Micro Devices by 21.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 16,883 shares of the semiconductor manufacturer’s stock valued at $2,489,000 after purchasing an additional 2,975 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at approximately $214,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Advanced Micro Devices during the 4th quarter valued at approximately $122,000. Institutional investors and hedge funds own 68.43% 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 in four segments: 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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