Brokerages Set Advanced Micro Devices, Inc. (NASDAQ:AMD) Price Target at $190.83

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have been given a consensus recommendation of “Moderate Buy” by the thirty research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twenty-seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $190.83.

Several research analysts have recently weighed in on the company. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Tuesday, May 7th. KeyCorp reduced their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Cantor Fitzgerald lowered their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Mizuho lowered their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $164.31 on Wednesday. The company has a market capitalization of $265.58 billion, a PE ratio of 241.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a 50-day simple moving average of $159.30 and a 200 day simple moving average of $165.38.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the business posted $0.43 EPS. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices will post 2.61 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMD. Tradewinds Capital Management LLC increased its stake in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Semmax Financial Advisors Inc. increased its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Finally, Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. 71.34% of the stock is currently owned by institutional investors.

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.