Susquehanna Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $165.00

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price reduced by research analysts at Susquehanna from $200.00 to $165.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the semiconductor manufacturer's stock. Susquehanna's price target suggests a potential upside of 42.30% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. TD Cowen cut their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Barclays lowered their target price on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $169.77.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $2.91 during trading on Wednesday, hitting $115.95. 40,446,851 shares of the stock were exchanged, compared to its average volume of 35,441,836. Advanced Micro Devices has a 12-month low of $112.80 and a 12-month high of $227.30. The company has a market cap of $188.16 billion, a PE ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66. The company has a fifty day moving average price of $125.92 and a two-hundred day moving average price of $141.49. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, analysts forecast that Advanced Micro Devices will post 2.54 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last 90 days. 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 modified their holdings of the company. Creative Capital Management Investments LLC raised its stake in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares in the last quarter. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Finally, Compass Financial Services Inc bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $39,000. 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.