Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $193.00 at Evercore ISI

Advanced Micro Devices (NASDAQ:AMD) had its target price lowered by Evercore ISI from $200.00 to $193.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the semiconductor manufacturer’s stock.

AMD has been the subject of a number of other reports. Truist Financial cut their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a hold rating for the company in a research report on Wednesday. StockNews.com lowered shares of Advanced Micro Devices from a hold rating to a sell rating in a research report on Thursday, April 25th. Melius upgraded shares of Advanced Micro Devices from a hold rating to a buy rating in a research report on Monday, January 8th. Susquehanna dropped their target price on shares of Advanced Micro Devices from $200.00 to $185.00 and set a positive rating for the company in a research report on Monday. Finally, Melius Research upgraded shares of Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 target price for the company in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $182.62.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $144.27 on Wednesday. The stock has a fifty day moving average of $176.64 and a 200-day moving average of $151.54. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

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

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 in the last ninety days. 0.65% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Advanced Micro Devices by 813.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC grew its stake in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the period. Capital World Investors raised its holdings in Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after purchasing an additional 2,982,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after buying an additional 2,553,392 shares during the period. 71.34% of the stock is currently 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.