Robert W. Baird Trims Advanced Micro Devices (NASDAQ:AMD) Target Price to $175.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective cut by Robert W. Baird from $200.00 to $175.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

Several other equities analysts also recently commented on the stock. Benchmark cut their price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a buy rating on the stock in a report on Thursday, May 2nd. Truist Financial lowered their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a hold rating for the company in a research report on Wednesday, May 1st. Cantor Fitzgerald upped their price target on shares of Advanced Micro Devices from $170.00 to $200.00 and gave the stock an overweight rating in a research report on Tuesday, July 16th. KeyCorp lowered their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an overweight rating for the company in a research report on Tuesday, July 9th. Finally, UBS Group lowered their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a buy rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of Moderate Buy and a consensus price target of $193.45.

Advanced Micro Devices Stock Down 0.0 %

Shares of AMD stock opened at $132.50 on Wednesday. The stock has a market cap of $214.45 billion, a P/E ratio of 194.86, a PEG ratio of 1.79 and a beta of 1.69. Advanced Micro Devices has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $160.41 and its two-hundred day simple moving average is $167.82.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts predict that Advanced Micro Devices will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently bought and sold shares of the business. Pinnacle Financial Partners Inc increased its holdings in shares of Advanced Micro Devices by 5.5% in the 4th quarter. Pinnacle Financial Partners Inc now owns 3,568 shares of the semiconductor manufacturer’s stock valued at $526,000 after purchasing an additional 185 shares in the last quarter. Stonegate Investment Group LLC increased its holdings in shares of Advanced Micro Devices by 133.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,747 shares of the semiconductor manufacturer’s stock valued at $995,000 after purchasing an additional 3,857 shares in the last quarter. Coastline Trust Co increased its holdings in shares of Advanced Micro Devices by 8.6% in the 4th quarter. Coastline Trust Co now owns 7,822 shares of the semiconductor manufacturer’s stock valued at $1,153,000 after purchasing an additional 620 shares in the last quarter. Colonial River Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $387,000. Finally, Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares in the last quarter. Institutional investors and hedge funds 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.