Advanced Micro Devices (NASDAQ:AMD) Given New $200.00 Price Target at TD Cowen

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price target upped by equities research analysts at TD Cowen from $185.00 to $200.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a "buy" rating on the semiconductor manufacturer's stock. TD Cowen's target price would indicate a potential upside of 28.97% from the company's previous close.

Other research analysts also recently issued reports about the stock. Raymond James downgraded shares of Advanced Micro Devices from a "strong-buy" rating to an "outperform" rating and raised their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $188.00 price objective for the company in a report on Monday, January 8th. Roth Mkm raised their price objective on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Citigroup raised their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Finally, Evercore ISI initiated coverage on shares of Advanced Micro Devices in a report on Tuesday. They issued an "outperform" rating and a $200.00 price target for the company. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $185.59.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $1.06 during trading hours on Thursday, hitting $155.08. 52,621,231 shares of the company were exchanged, compared to its average volume of 74,677,984. The firm has a fifty day simple moving average of $180.16 and a 200 day simple moving average of $148.28. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52-week low of $81.02 and a 52-week high of $227.30. The stock has a market capitalization of $250.63 billion, a price-to-earnings ratio of 298.24, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the business posted $0.54 EPS. Advanced Micro Devices's quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 in the last 90 days. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Hedge funds and other institutional investors have recently modified their holdings of the stock. Peoples Bank KS bought a new stake in Advanced Micro Devices during the third quarter worth about $26,000. Castleview Partners LLC raised its holdings in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $27,000. O Dell Group LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $27,000. Finally, Northwest Bank & Trust Co purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. 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.