Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $150.00 by Analysts at UBS Group

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price dropped by investment analysts at UBS Group from $155.00 to $150.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the semiconductor manufacturer's stock. UBS Group's price objective points to a potential upside of 45.86% from the company's previous close.

Several other equities research analysts also recently commented on AMD. Hsbc Global Res downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. TD Cowen raised their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday. DZ Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Friday, February 7th. Finally, Jefferies Financial Group downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price objective for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $131.13.

Advanced Micro Devices Stock Up 1.1 %

Advanced Micro Devices stock traded up $1.14 during mid-day trading on Wednesday, hitting $102.84. 31,640,225 shares of the company's stock were exchanged, compared to its average volume of 42,550,442. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $187.28. The stock has a 50 day moving average of $97.41 and a two-hundred day moving average of $116.40. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $166.22 billion, a P/E ratio of 103.88, a P/E/G ratio of 1.11 and a beta of 1.97.

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

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently modified their holdings of AMD. Norges Bank bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $2,867,193,000. Goldman Sachs Group Inc. increased its position in shares of Advanced Micro Devices by 169.7% during the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after acquiring an additional 6,200,850 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2,265.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after acquiring an additional 2,889,739 shares during the period. Finally, Northern Trust Corp lifted its stake in Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after purchasing an additional 2,874,012 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.