Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its target price raised by research analysts at Piper Sandler from $175.00 to $200.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor manufacturer's stock. Piper Sandler's price objective points to a potential upside of 21.82% from the company's current price.
Other analysts have also issued research reports about the stock. Susquehanna reissued a "positive" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, July 11th. Morgan Stanley upped their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the company an "equal weight" rating in a report on Wednesday, July 31st. Finally, StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $194.31.
Check Out Our Latest Analysis on AMD
NASDAQ:AMD opened at $164.18 on Friday. The company's 50-day moving average price is $150.00 and its two-hundred day moving average price is $157.75. Advanced Micro Devices has a 12 month low of $93.11 and a 12 month high of $227.30. The firm has a market cap of $265.72 billion, a PE ratio of 200.22, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.72 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices will post 2.56 EPS for the current fiscal year.
In related news, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. Ameliora Wealth Management Ltd. lifted its position in Advanced Micro Devices by 4.7% during the third quarter. Ameliora Wealth Management Ltd. now owns 6,972 shares of the semiconductor manufacturer's stock worth $1,144,000 after acquiring an additional 310 shares during the last quarter. Webster Bank N. A. increased its stake in shares of Advanced Micro Devices by 42.6% during the third quarter. Webster Bank N. A. now owns 1,997 shares of the semiconductor manufacturer's stock worth $328,000 after purchasing an additional 597 shares during the period. Sound Income Strategies LLC increased its stake in shares of Advanced Micro Devices by 76.0% during the third quarter. Sound Income Strategies LLC now owns 1,582 shares of the semiconductor manufacturer's stock worth $260,000 after purchasing an additional 683 shares during the period. CVA Family Office LLC lifted its holdings in Advanced Micro Devices by 196.0% during the 3rd quarter. CVA Family Office LLC now owns 8,329 shares of the semiconductor manufacturer's stock worth $1,367,000 after purchasing an additional 5,515 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in Advanced Micro Devices by 28.8% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 2,125 shares of the semiconductor manufacturer's stock valued at $349,000 after purchasing an additional 475 shares during the period. 71.34% of the stock is owned by institutional investors.
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.
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