Robert W. Baird Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $175.00

Advanced Micro Devices (NASDAQ:AMD) had its target price trimmed by Robert W. Baird from $200.00 to $175.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the semiconductor manufacturer’s stock.

Several other analysts also recently weighed in on AMD. HSBC upgraded Advanced Micro Devices from a hold rating to a buy rating and upped their price target for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Rosenblatt Securities restated a buy rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Truist Financial lowered their price target on Advanced Micro Devices from $174.00 to $162.00 and set a hold rating for the company in a research report on Wednesday, May 1st. Benchmark reduced their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a buy rating for the company in a research note on Thursday, May 2nd. Finally, Citigroup upped their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a buy rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of Moderate Buy and a consensus price target of $193.45.

Advanced Micro Devices Trading Down 0.0 %

NASDAQ AMD opened at $132.50 on Wednesday. The stock’s 50 day moving average is $160.41 and its 200 day moving average is $167.75. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $214.16 billion, a PE ratio of 194.86, a P/E/G ratio of 1.68 and a beta of 1.69. Advanced Micro Devices has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 6.00%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the business earned $0.40 EPS. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices will post 2.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cherrydale Wealth Management LLC raised its position in shares of Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after buying an additional 58 shares during the last quarter. Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% in the 4th 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. Prentice Wealth Management LLC lifted its stake in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after purchasing an additional 62 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the last quarter. Finally, Delta Financial Group Inc. grew its position in shares of Advanced Micro Devices by 5.0% during the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after purchasing an additional 63 shares in the last quarter. 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.