Advanced Micro Devices (NASDAQ:AMD) Price Target Lowered to $170.00 at Benchmark

Advanced Micro Devices (NASDAQ:AMD) had its target price decreased by equities research analysts at Benchmark from $200.00 to $170.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Benchmark’s price objective suggests a potential upside of 42.26% from the company’s current price.

A number of other brokerages have also recently weighed in on AMD. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America reduced their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price for the company. Finally, HSBC reaffirmed a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $167.04.

Advanced Micro Devices Trading Up 4.6 %

NASDAQ:AMD opened at $119.50 on Wednesday. The stock has a market capitalization of $193.93 billion, a price-to-earnings ratio of 107.66, a PEG ratio of 1.03 and a beta of 1.66. Advanced Micro Devices has a 1 year low of $112.80 and a 1 year high of $227.30. The stock has a fifty day moving average price of $125.02 and a two-hundred day moving average price of $140.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. As a group, sell-side analysts anticipate that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings in shares of Advanced Micro Devices by 16,434.2% during the fourth quarter. Proficio Capital Partners LLC now owns 589,443 shares of the semiconductor manufacturer’s stock valued at $71,199,000 after purchasing an additional 585,878 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in Advanced Micro Devices by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 638,096 shares of the semiconductor manufacturer’s stock valued at $77,076,000 after buying an additional 13,200 shares in the last quarter. Flynn Zito Capital Management LLC increased its stake in Advanced Micro Devices by 1.8% during the 4th quarter. Flynn Zito Capital Management LLC now owns 16,859 shares of the semiconductor manufacturer’s stock valued at $2,036,000 after buying an additional 293 shares during the period. New York Life Investment Management LLC raised its position in shares of Advanced Micro Devices by 1.1% during the 4th quarter. New York Life Investment Management LLC now owns 244,138 shares of the semiconductor manufacturer’s stock worth $29,489,000 after buying an additional 2,760 shares in the last quarter. Finally, Harfst & Associates Inc. lifted its stake in shares of Advanced Micro Devices by 44.8% in the 4th quarter. Harfst & Associates Inc. now owns 25,652 shares of the semiconductor manufacturer’s stock worth $3,099,000 after acquiring an additional 7,940 shares during the period. Institutional investors own 71.34% of the company’s stock.

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.