Bank of America Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $195.00

Advanced Micro Devices (NASDAQ:AMDFree Report) had its target price boosted by Bank of America from $165.00 to $195.00 in a research report report published on Monday morning, Marketbeat reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Several other brokerages have also commented on AMD. UBS Group upped their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the company a buy rating in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a buy rating and issued a $145.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, December 7th. StockNews.com lowered shares of Advanced Micro Devices from a hold rating to a sell rating in a research note on Friday, January 5th. Melius Research raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 price target for the company in a research note on Monday, January 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Advanced Micro Devices from $137.00 to $157.00 and gave the stock a buy rating in a research report on Monday, December 18th. One investment 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 MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $175.39.

Check Out Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Performance

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

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

Insider Buying and Selling at Advanced Micro Devices

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

Institutional Trading of Advanced Micro Devices

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $1,252,070,000. Jennison Associates LLC increased its holdings in Advanced Micro Devices by 57.3% in the 2nd quarter. Jennison Associates LLC now owns 25,591,636 shares of the semiconductor manufacturer’s stock worth $2,915,143,000 after buying an additional 9,318,871 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Advanced Micro Devices by 105,415.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after buying an additional 8,518,629 shares during the last quarter. Renaissance Technologies LLC bought a new position in Advanced Micro Devices during the 1st quarter valued at about $777,111,000. Finally, Northern Trust Corp boosted its holdings in shares of Advanced Micro Devices by 35.5% during the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after acquiring an additional 4,475,368 shares during the last quarter. 68.43% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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