Advanced Micro Devices, Inc. (NASDAQ:AMD) Receives $192.79 Consensus Target Price from Brokerages

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been assigned an average rating of “Moderate Buy” from the thirty-two research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, twenty-eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $192.79.

Several brokerages have recently issued reports on AMD. Roth Mkm reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. TD Cowen lowered their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st.

Insider Activity

In related news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of institutional investors and hedge funds have recently made changes to their positions in AMD. EntryPoint Capital LLC raised its holdings in shares of Advanced Micro Devices by 81.9% during the 1st quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer’s stock worth $62,000 after buying an additional 154 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Advanced Micro Devices by 70.6% in the first quarter. 1832 Asset Management L.P. now owns 137,102 shares of the semiconductor manufacturer’s stock worth $24,746,000 after acquiring an additional 56,736 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 1st quarter valued at approximately $273,000. Kestra Advisory Services LLC grew its holdings in shares of Advanced Micro Devices by 36.5% during the 1st quarter. Kestra Advisory Services LLC now owns 118,228 shares of the semiconductor manufacturer’s stock valued at $21,339,000 after purchasing an additional 31,644 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in Advanced Micro Devices by 9.3% in the 1st quarter. Bamco Inc. NY now owns 237,143 shares of the semiconductor manufacturer’s stock valued at $42,802,000 after purchasing an additional 20,145 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $136.24 on Friday. The firm’s 50 day moving average price is $152.94 and its two-hundred day moving average price is $154.28. The stock has a market cap of $221.09 billion, a PE ratio of 122.74, a PEG ratio of 1.95 and a beta of 1.71. Advanced Micro Devices has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. As a group, analysts forecast that Advanced Micro Devices will post 2.54 EPS for the current year.

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.