Brokerages Set Advanced Micro Devices, Inc. (NASDAQ:AMD) Price Target at $181.52

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have received a consensus rating of “Moderate Buy” from the thirty analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $185.59.

Several research analysts have weighed in on the stock. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Barclays upped their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Wednesday, January 24th. UBS Group upped their target price 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. Finally, Bank of America upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th.

Advanced Micro Devices Trading Up 0.7 %

Shares of Advanced Micro Devices stock opened at $155.08 on Friday. Advanced Micro Devices has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The company’s 50-day simple moving average is $180.16 and its 200-day simple moving average is $148.28. The firm has a market cap of $250.63 billion, a price-to-earnings ratio of 298.24, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. Activest Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Peoples Bank KS acquired a new position in Advanced Micro Devices during the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the 3rd quarter valued at about $27,000. Castleview Partners LLC increased its stake in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares during the period. Finally, O Dell Group LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $27,000. 71.34% of the stock is currently owned by institutional investors.

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.