Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $140.00 at Sanford C. Bernstein

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its price objective raised by Sanford C. Bernstein from $95.00 to $140.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a market perform rating on the semiconductor manufacturer's stock.

Other equities research analysts also recently issued reports about the stock. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research note on Friday, June 13th. Raymond James Financial restated an "outperform" rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. The Goldman Sachs Group raised shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a research report on Thursday, July 10th. Finally, Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Eleven analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $154.68.

Advanced Micro Devices Trading Up 0.0%

Shares of NASDAQ:AMD traded up $0.01 on Monday, reaching $157.00. 38,811,287 shares of the company traded hands, compared to its average volume of 41,796,177. The business's 50-day simple moving average is $127.67 and its 200 day simple moving average is $113.20. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $174.05. The stock has a market capitalization of $254.56 billion, a P/E ratio of 115.44, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06.

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, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter worth about $2,867,193,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $958,422,000. Goldman Sachs Group Inc. boosted its stake in shares of Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock valued at $1,012,538,000 after purchasing an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer's stock valued at $1,069,846,000 after buying an additional 5,915,185 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in 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 valued at $660,475,000 after buying an additional 4,461,609 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.