Advanced Micro Devices (NASDAQ:AMD) Given New $150.00 Price Target at UBS Group

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price target reduced by research analysts at UBS Group from $155.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor manufacturer's stock. UBS Group's price target points to a potential upside of 51.17% from the stock's previous close.

A number of other analysts also recently issued reports on the company. Summit Insights raised Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $120.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Benchmark reissued a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Bank of America upgraded Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.77.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $0.60 during trading hours on Wednesday, reaching $99.22. 38,254,601 shares of the company's stock were exchanged, compared to its average volume of 42,237,324. The business has a fifty day moving average of $97.29 and a two-hundred day moving average of $117.51. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $160.37 billion, a P/E ratio of 100.06, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the company earned $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMD. Principal Financial Group Inc. boosted its stake in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares in the last quarter. Park National Corp OH lifted its holdings in shares of Advanced Micro Devices by 87.1% in the 4th quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer's stock valued at $324,000 after purchasing an additional 1,249 shares during the last quarter. Watts Gwilliam & Co. LLC lifted its holdings in shares of Advanced Micro Devices by 151.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer's stock valued at $2,455,000 after purchasing an additional 11,616 shares during the last quarter. Sage Capital Advisors llc grew its stake in Advanced Micro Devices by 1.6% during the 4th quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer's stock worth $771,000 after buying an additional 98 shares during the last quarter. Finally, Jacobs & Co. CA grew its stake in Advanced Micro Devices by 13.2% during the 4th quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer's stock worth $10,753,000 after buying an additional 10,404 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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.

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