Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $200.00 at UBS Group

Advanced Micro Devices (NASDAQ:AMD) had its price target trimmed by UBS Group from $205.00 to $200.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other analysts have also recently weighed in on AMD. Morgan Stanley cut their price target on Advanced Micro Devices from $193.00 to $177.00 and set an overweight rating on the stock in a research note on Monday, April 29th. Barclays raised their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an overweight rating in a research report on Monday, March 4th. Wells Fargo & Company upped their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the company an overweight rating in a report on Wednesday, January 31st. Roth Mkm dropped their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Susquehanna reduced their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a positive rating for the company in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of Moderate Buy and a consensus target price of $184.24.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $150.60 on Wednesday. The business has a 50-day simple moving average of $175.93 and a 200-day simple moving average of $151.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.64. Advanced Micro Devices has a one year low of $81.11 and a one year high of $227.30. The company has a market cap of $243.39 billion, a PE ratio of 221.47, a P/E/G ratio of 2.19 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,850 shares of company stock valued at $34,637,833. 0.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Addison Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Prentice Wealth Management LLC raised its position in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after purchasing an additional 62 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares in the last quarter. Schear Investment Advisers LLC grew its holdings in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after buying an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC increased its position in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 65 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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.