Stifel Nicolaus Issues Pessimistic Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its target price cut by stock analysts at Stifel Nicolaus from $200.00 to $162.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 45.97% from the stock’s previous close.

Several other brokerages also recently commented on AMD. Piper Sandler lowered their price objective on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.04.

Advanced Micro Devices Trading Down 7.1 %

NASDAQ:AMD traded down $8.52 during trading hours on Wednesday, hitting $110.98. The stock had a trading volume of 76,265,581 shares, compared to its average volume of 41,553,195. 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 has a one year low of $106.50 and a one year high of $227.30. The business’s 50 day moving average is $125.02 and its 200-day moving average is $140.59. The company has a market cap of $180.10 billion, a price-to-earnings ratio of 99.98, a P/E/G ratio of 1.03 and a beta of 1.66.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently bought and sold shares of the stock. Czech National Bank lifted its stake in Advanced Micro Devices by 7.0% in the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock worth $54,099,000 after purchasing an additional 21,708 shares during the last quarter. Versant Capital Management Inc raised its holdings in Advanced Micro Devices by 28.9% in the third quarter. Versant Capital Management Inc now owns 1,128 shares of the semiconductor manufacturer’s stock worth $185,000 after purchasing an additional 253 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Advanced Micro Devices by 9.9% in the third quarter. Dynamic Advisor Solutions LLC now owns 37,936 shares of the semiconductor manufacturer’s stock worth $6,225,000 after purchasing an additional 3,429 shares during the last quarter. City Holding Co. boosted its stake in Advanced Micro Devices by 3.2% in the 3rd quarter. City Holding Co. now owns 36,224 shares of the semiconductor manufacturer’s stock worth $5,944,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Reliant Investment Management LLC raised its stake in Advanced Micro Devices by 4.2% in the 3rd quarter. Reliant Investment Management LLC now owns 36,907 shares of the semiconductor manufacturer’s stock worth $6,056,000 after acquiring an additional 1,483 shares during 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.