Advanced Micro Devices (NASDAQ:AMD) Price Target Increased to $105.00 by Analysts at Northland Securities

Advanced Micro Devices (NASDAQ:AMDGet Rating) had its price objective hoisted by Northland Securities from $95.00 to $105.00 in a research note released on Wednesday morning, MarketBeat.com reports. Northland Securities currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other research analysts have also recently issued reports on the stock. Barclays decreased their price target on shares of Advanced Micro Devices from $115.00 to $85.00 and set an equal weight rating for the company in a report on Monday, July 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Advanced Micro Devices from $115.00 to $85.00 in a report on Wednesday, July 20th. Mizuho reduced their target price on shares of Advanced Micro Devices from $160.00 to $145.00 in a report on Wednesday, May 4th. Truist Financial reduced their target price on shares of Advanced Micro Devices from $144.00 to $111.00 and set a hold rating for the company in a report on Friday, April 8th. Finally, Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $130.00 and set an overweight rating for the company in a report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $125.93.

Advanced Micro Devices Trading Down 1.5 %

NASDAQ AMD opened at $102.31 on Wednesday. The company has a fifty day simple moving average of $88.51 and a two-hundred day simple moving average of $100.24. The stock has a market cap of $165.16 billion, a P/E ratio of 42.99, a P/E/G ratio of 0.94 and a beta of 1.96. Advanced Micro Devices has a 12-month low of $71.60 and a 12-month high of $164.46. The company has a current ratio of 2.44, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. During the same period in the previous year, the company earned $0.58 earnings per share. On average, analysts forecast that Advanced Micro Devices will post 3.97 earnings per share for the current year.

Insider Activity

In related news, CFO Devinder Kumar sold 28,966 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,896,600.00. Following the transaction, the chief financial officer now directly owns 524,370 shares in the company, valued at $52,437,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Paul Darren Grasby sold 32,694 shares of the business’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the transaction, the executive vice president now directly owns 37,800 shares in the company, valued at $2,910,222. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Devinder Kumar sold 28,966 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $100.00, for a total transaction of $2,896,600.00. Following the transaction, the chief financial officer now owns 524,370 shares in the company, valued at $52,437,000. The disclosure for this sale can be found here. Insiders have sold a total of 81,660 shares of company stock worth $7,462,511 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently bought and sold shares of AMD. MBM Wealth Consultants LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth about $25,000. Cordasco Financial Network boosted its holdings in Advanced Micro Devices by 287.5% in the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 207 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $32,000. Hazlett Burt & Watson Inc. acquired a new position in Advanced Micro Devices in the 1st quarter valued at about $32,000. Finally, Sycomore Asset Management acquired a new position in Advanced Micro Devices in the 1st quarter valued at about $32,000. 69.61% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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