Roth Mkm Lowers Advanced Micro Devices (NASDAQ:AMD) Price Target to $180.00

Advanced Micro Devices (NASDAQ:AMD) had its price target lowered by Roth Mkm from $190.00 to $180.00 in a research note published on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the semiconductor manufacturer’s stock.

Other research analysts have also issued reports about the stock. Bank of America upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a buy rating in a research report on Monday, January 29th. Melius Research upgraded Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 price objective on the stock in a research report on Monday, January 8th. Melius raised Advanced Micro Devices from a hold rating to a buy rating in a report on Monday, January 8th. Barclays upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Finally, Raymond James cut shares of Advanced Micro Devices from a strong-buy rating to an outperform rating and increased their price target for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of Moderate Buy and a consensus price target of $182.62.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $144.27 on Wednesday. Advanced Micro Devices has a 12-month low of $81.02 and a 12-month 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. The company 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 stock has a 50-day moving average price of $176.64 and a 200-day moving average price of $151.54.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating 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 business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm posted $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last three months. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased 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 acquiring an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after acquiring an additional 3,714,069 shares in the last quarter. Capital World Investors increased its position in shares of Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock valued at $688,190,000 after acquiring an additional 2,982,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 acquiring an additional 2,553,392 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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.