Advanced Micro Devices (NASDAQ:AMD) had its target price increased by stock analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell to $13.00 in a research report issued to clients and investors on Wednesday, AR Network reports. The firm currently has a "sell" rating on the semiconductor manufacturer's stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell's target price would suggest a potential downside of 82.98% from the stock's current price.
Several other research analysts have also commented on the company. Piper Sandler boosted their price objective on Advanced Micro Devices from $82.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. UBS Group upped their target price on Advanced Micro Devices from $52.00 to $70.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on Advanced Micro Devices from $50.00 to $70.00 and gave the stock a "hold" rating in a research note on Monday, July 27th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Advanced Micro Devices in a research note on Tuesday. Finally, Royal Bank of Canada upped their target price on Advanced Micro Devices from $84.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, October 16th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of "Buy" and a consensus price target of $74.69.
Shares of NASDAQ AMD opened at $76.40 on Wednesday. Advanced Micro Devices has a 12 month low of $32.03 and a 12 month high of $94.28. The company has a current ratio of 2.10, a quick ratio of 1.56 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $89.70 billion, a price-to-earnings ratio of 144.15, a PEG ratio of 1.95 and a beta of 2.30. The business has a 50-day moving average of $80.52 and a 200-day moving average of $66.95.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 27th. The semiconductor manufacturer reported $0.41 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.10. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Advanced Micro Devices's revenue was up 55.5% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post 0.92 earnings per share for the current year.
In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 75,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $79.50, for a total value of $5,962,500.00. Following the completion of the transaction, the senior vice president now owns 788,745 shares in the company, valued at $62,705,227.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 43,000 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $84.17, for a total value of $3,619,310.00. Following the completion of the transaction, the executive vice president now owns 1,465,329 shares of the company's stock, valued at approximately $123,336,741.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 458,635 shares of company stock valued at $36,704,596. 1.20% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of Advanced Micro Devices by 58.2% during the second quarter. Whittier Trust Co. now owns 503 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. Trustcore Financial Services LLC increased its holdings in shares of Advanced Micro Devices by 54.4% during the second quarter. Trustcore Financial Services LLC now owns 531 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 187 shares in the last quarter. Virtus ETF Advisers LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at $28,000. CENTRAL TRUST Co increased its holdings in shares of Advanced Micro Devices by 644.7% during the third quarter. CENTRAL TRUST Co now owns 350 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 303 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter valued at $30,000. Hedge funds and other institutional investors own 66.08% of the company's stock.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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