UBS Group Has Lowered Expectations for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its target price reduced by research analysts at UBS Group from $155.00 to $150.00 in a report released on Wednesday, MarketBeat reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. UBS Group’s target price would indicate a potential upside of 47.55% from the company’s current price.

Other research analysts have also recently issued reports about the company. Sanford C. Bernstein dropped their price target on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. TD Cowen boosted their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, April 16th. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $131.13.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $101.66 on Wednesday. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $97.37 and its 200 day simple moving average is $117.01. The firm has a market capitalization of $164.31 billion, a PE ratio of 102.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS. On average, analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $25,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at $29,000. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $31,000. Institutional investors and hedge funds 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.