Citigroup Boosts Advanced Micro Devices (NASDAQ:AMD) Price Target to $145.00

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its price target hoisted by Citigroup from $120.00 to $145.00 in a research report released on Monday,Benzinga reports. Citigroup currently has a neutral rating on the semiconductor manufacturer's stock.

Other equities research analysts have also issued research reports about the company. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the company an "outperform" rating in a research note on Friday, June 13th. Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Stifel Nicolaus reissued a "buy" rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Raymond James Financial reissued 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, May 7th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $139.55.

Advanced Micro Devices Trading Up 2.2%

AMD traded up $2.94 during midday trading on Monday, hitting $137.74. 31,193,460 shares of the company were exchanged, compared to its average volume of 42,012,837. The firm's 50 day moving average price is $118.61 and its 200-day moving average price is $111.56. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $223.33 billion, a P/E ratio of 101.28, a P/E/G ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. As a group, equities analysts forecast that Advanced Micro Devices will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company's stock.

Institutional Trading of Advanced Micro Devices

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Greenline Partners LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares during the period. Kozak & Associates Inc. lifted its holdings in shares of Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after buying an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $30,000. Hedge funds and other institutional investors 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.