Advanced Micro Devices (NASDAQ:AMD) Given New $200.00 Price Target at UBS Group

Advanced Micro Devices (NASDAQ:AMD) had its target price cut by UBS Group from $205.00 to $200.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

A number of other brokerages have also commented on AMD. Susquehanna cut their price target on Advanced Micro Devices from $200.00 to $185.00 and set a positive rating on the stock in a research note on Monday. Melius upgraded shares of Advanced Micro Devices from a hold rating to a buy rating in a research report on Monday, January 8th. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an overweight rating in a research note on Wednesday, January 31st. Cantor Fitzgerald decreased their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an overweight rating for the company in a report on Wednesday. Finally, Melius Research raised Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 target price on the stock in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $182.62.

Advanced Micro Devices Trading Down 8.9 %

Shares of Advanced Micro Devices stock opened at $144.27 on Wednesday. The firm’s 50 day moving average is $176.64 and its 200 day moving average is $151.54. The firm has a market capitalization of $233.16 billion, a PE ratio of 277.45, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. Advanced Micro Devices has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently bought and sold shares of the company. Chase Investment Counsel Corp boosted its holdings in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after purchasing an additional 87 shares during the last quarter. Washburn Capital Management Inc. purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $231,000. Pathway Financial Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $229,000. Independence Bank of Kentucky grew its stake in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $1,759,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.