KeyCorp Trims Advanced Micro Devices (NASDAQ:AMD) Target Price to $230.00

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by KeyCorp from $270.00 to $230.00 in a report issued on Wednesday, Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor manufacturer’s stock.

A number of other brokerages have also recently commented on AMD. Barclays raised their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an overweight rating in a research note on Monday, March 4th. The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a buy rating in a research note on Wednesday, January 31st. HSBC upgraded Advanced Micro Devices from a hold rating to a buy rating and boosted their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Truist Financial dropped their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a hold rating on the stock in a research note on Wednesday. Finally, Bank of America increased their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a buy rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of Moderate Buy and an average price target of $184.24.

Advanced Micro Devices Stock Up 3.0 %

AMD stock opened at $150.60 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.86. The firm’s fifty day simple moving average is $175.93 and its 200-day simple moving average is $151.50. Advanced Micro Devices has a 12 month low of $81.11 and a 12 month high of $227.30. The company has a market capitalization of $243.39 billion, a P/E ratio of 221.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices will post 2.64 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now 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 Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated 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 owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 in the last 90 days. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several institutional investors and hedge funds have recently modified their holdings of AMD. Addison Advisors LLC grew its position in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after buying an additional 63 shares during the period. Schear Investment Advisers LLC increased its stake in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares during the period. Finally, Fiduciary Group LLC lifted its holdings in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.