TD Cowen Raises Advanced Micro Devices (NASDAQ:AMD) Price Target to $115.00

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price target lifted by analysts at TD Cowen from $110.00 to $115.00 in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the semiconductor manufacturer's stock. TD Cowen's price objective indicates a potential upside of 11.82% from the company's current price.

A number of other research firms have also recently commented on AMD. Wells Fargo & Company lowered their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Melius lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Evercore ISI reduced their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.13.

Advanced Micro Devices Stock Performance

Shares of AMD traded up $1.14 during mid-day trading on Wednesday, hitting $102.84. 31,640,225 shares of the company's stock were exchanged, compared to its average volume of 42,550,442. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52 week low of $76.48 and a 52 week high of $187.28. The stock's 50-day simple moving average is $97.41 and its 200-day simple moving average is $116.40. The firm has a market cap of $166.22 billion, a price-to-earnings ratio of 103.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

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 for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. On average, equities research analysts expect that Advanced Micro Devices will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business'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 completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Institutional Trading of Advanced Micro Devices

Several large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after purchasing an additional 588,595 shares during the last quarter. Park National Corp OH increased its holdings in shares of Advanced Micro Devices by 87.1% during the fourth quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer's stock valued at $324,000 after acquiring an additional 1,249 shares in the last quarter. Watts Gwilliam & Co. LLC boosted its stake in Advanced Micro Devices by 151.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer's stock worth $2,455,000 after purchasing an additional 11,616 shares in the last quarter. Sage Capital Advisors llc raised its holdings in Advanced Micro Devices by 1.6% in the fourth quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer's stock worth $771,000 after buying an additional 98 shares during the last quarter. Finally, Jacobs & Co. CA lifted its stake in shares of Advanced Micro Devices by 13.2% in the fourth quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer's stock worth $10,753,000 after buying an additional 10,404 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

About Advanced Micro Devices

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.