Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective lifted by equities researchers at Susquehanna from $135.00 to $210.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "positive" rating on the semiconductor manufacturer's stock. Susquehanna's price target would indicate a potential upside of 22.31% from the company's previous close.
AMD has been the subject of several other research reports. Jefferies Financial Group upped their price target on shares of Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. Loop Capital dropped their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus reissued a "buy" rating and issued a $132.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Wells Fargo & Company increased their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Erste Group Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.94.
Get Our Latest Research Report on AMD
Advanced Micro Devices Trading Down 2.6%
Shares of AMD traded down $4.61 on Wednesday, hitting $171.70. 74,927,695 shares of the stock traded hands, compared to its average volume of 44,710,852. 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 $278.39 billion, a P/E ratio of 126.25, a P/E/G ratio of 2.37 and a beta of 2.05. The stock's 50 day moving average is $137.35 and its two-hundred day moving average is $116.10. Advanced Micro Devices has a 1 year low of $76.48 and a 1 year high of $182.50.
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, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current year.
Advanced Micro Devices declared that its board has approved a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.
Insider Activity at Advanced Micro Devices
In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of AMD. Toronto Dominion Bank raised its position in shares of 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 worth $660,475,000 after buying an additional 4,461,609 shares in the last quarter. Nicolet Bankshares Inc. raised its holdings in shares of Advanced Micro Devices by 56.4% during the fourth quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock valued at $426,000 after acquiring an additional 1,271 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after acquiring an additional 29,825 shares during the period. Heritage Trust Co acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $804,000. Finally, Valicenti Advisory Services Inc. grew its position in Advanced Micro Devices by 4.0% during the first quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock valued at $7,893,000 after purchasing an additional 2,944 shares in the last quarter. Institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Company Profile
(
Get Free Report)
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.
Further Reading

Before you consider Advanced Micro Devices, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advanced Micro Devices wasn't on the list.
While Advanced Micro Devices currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.