Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $235.00 at Barclays

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price raised by Barclays from $200.00 to $235.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the semiconductor manufacturer's stock. Barclays's price target would suggest a potential upside of 15.97% from the company's previous close.

Several other analysts have also recently commented on AMD. Citigroup raised their price target on Advanced Micro Devices from $136.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Northland Securities raised shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 price target on the stock in a research note on Wednesday, January 31st. The Goldman Sachs Group raised their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Roth Mkm upped their target price on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $190.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $180.16.

Advanced Micro Devices Stock Up 5.3 %

Advanced Micro Devices stock opened at $202.64 on Monday. The company has a market capitalization of $324.22 billion, a P/E ratio of 389.70, a PEG ratio of 3.05 and a beta of 1.66. Advanced Micro Devices has a fifty-two week low of $76.65 and a fifty-two week high of $202.72. The stock has a 50-day simple moving average of $164.32 and a 200-day simple moving average of $130.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts' consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the business posted $0.54 earnings per share. Advanced Micro Devices's quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices will post 2.67 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Darla M. Smith sold 4,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $125.69, for a total value of $502,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,604 shares in the company, valued at $704,366.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $276,050,677.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 4,000 shares of the firm's stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $125.69, for a total transaction of $502,760.00. Following the completion of the transaction, the chief accounting officer now owns 5,604 shares of the company's stock, valued at $704,366.76. The disclosure for this sale can be found here. Insiders sold 254,493 shares of company stock valued at $40,152,154 in the last three months. 0.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently bought and sold shares of the business. Addison Advisors LLC lifted its stake in Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 62 shares during the last quarter. Schear Investment Advisers LLC grew its stake in Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer's stock valued at $2,323,000 after buying an additional 64 shares during the last quarter. Fiduciary Group LLC raised its holdings in Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer's stock worth $371,000 after acquiring an additional 65 shares during the period. Integrated Advisors Network LLC boosted its holdings in Advanced Micro Devices by 0.3% during the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer's stock valued at $2,793,000 after acquiring an additional 65 shares during the period. Finally, Checchi Capital Advisers LLC grew its position in shares of Advanced Micro Devices by 0.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer's stock valued at $1,560,000 after purchasing an additional 66 shares during the last quarter. 68.43% of the stock is currently owned by institutional investors and hedge funds.

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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