Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $140.00 by Analysts at Robert W. Baird

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price decreased by investment analysts at Robert W. Baird from $175.00 to $140.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor manufacturer's stock. Robert W. Baird's target price indicates a potential upside of 42.79% from the stock's previous close.

A number of other research analysts have also recently weighed in on AMD. DZ Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Friday, February 7th. Raymond James reaffirmed an "outperform" rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday. KeyCorp cut Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. HSBC reissued a "reduce" rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Roth Capital set a $140.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.81.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $0.58 during mid-day trading on Wednesday, hitting $98.04. 65,337,440 shares of the company were exchanged, compared to its average volume of 40,168,953. 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 firm has a market cap of $158.47 billion, a price-to-earnings ratio of 99.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The stock has a 50 day simple moving average of $97.29 and a 200-day simple moving average of $117.51. 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 issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the company posted $0.62 earnings per share. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds have recently made changes to their positions in the business. Metis Global Partners LLC grew its holdings in shares of Advanced Micro Devices by 10.9% during the first quarter. Metis Global Partners LLC now owns 112,733 shares of the semiconductor manufacturer's stock worth $11,582,000 after purchasing an additional 11,062 shares during the last quarter. Nemes Rush Group LLC boosted its position in shares of Advanced Micro Devices by 11.4% in the 1st quarter. Nemes Rush Group LLC now owns 47,080 shares of the semiconductor manufacturer's stock worth $4,837,000 after purchasing an additional 4,832 shares during the last quarter. First National Advisers LLC increased its stake in shares of Advanced Micro Devices by 3.0% in the 1st quarter. First National Advisers LLC now owns 4,975 shares of the semiconductor manufacturer's stock valued at $511,000 after acquiring an additional 147 shares during the last quarter. Ridgewood Investments LLC raised its holdings in Advanced Micro Devices by 41.7% in the first quarter. Ridgewood Investments LLC now owns 408 shares of the semiconductor manufacturer's stock worth $42,000 after purchasing an additional 120 shares during the period. Finally, Semus Wealth Partners LLC bought a new stake in shares of Advanced Micro Devices in the first quarter worth about $226,000. 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.

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