Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $170.00 by Analysts at Cantor Fitzgerald

Advanced Micro Devices (NASDAQ:AMD) had its target price trimmed by Cantor Fitzgerald from $190.00 to $170.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the semiconductor manufacturer’s stock.

Several other equities research analysts have also recently weighed in on AMD. UBS Group upped their price target on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a buy rating in a research report on Thursday, January 25th. New Street Research upgraded shares of Advanced Micro Devices from a neutral rating to a buy rating and set a $215.00 price objective for the company in a research note on Wednesday, January 24th. Truist Financial reduced 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 note on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Finally, Wedbush reiterated an outperform rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, April 17th. One investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $182.62.

Advanced Micro Devices Price Performance

Shares of AMD opened at $144.27 on Wednesday. The company has a 50 day moving average price of $176.64 and a 200-day moving average price of $151.54. Advanced Micro Devices has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock has a market capitalization of $233.16 billion, a PE ratio of 277.45, a PEG 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 (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Victor Peng sold 100,000 shares of the 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 sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Hedge funds have recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its holdings in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Peoples Bank KS purchased a new position in Advanced Micro Devices during the third quarter valued at $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices during the third quarter valued at $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices during the fourth quarter valued at $28,000. Finally, Bare Financial Services Inc purchased a new position in Advanced Micro Devices during the fourth quarter valued at $29,000. 71.34% of the stock is 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.