Advanced Micro Devices (NASDAQ:AMD) Given New $150.00 Price Target at TD Cowen

Advanced Micro Devices (NASDAQ:AMD) had its price target dropped by research analysts at TD Cowen from $185.00 to $150.00 in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price indicates a potential upside of 29.27% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Mizuho lowered their price target on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Barclays reduced their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Evercore ISI upped their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.93.

Advanced Micro Devices Stock Down 4.8 %

AMD opened at $116.04 on Monday. Advanced Micro Devices has a 12 month low of $114.45 and a 12 month high of $227.30. The business has a 50-day moving average of $132.58 and a two-hundred day moving average of $146.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $188.31 billion, a price-to-earnings ratio of 104.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

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

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in the company. Czech National Bank raised its holdings in shares of Advanced Micro Devices by 6.7% in the 4th quarter. Czech National Bank now owns 351,871 shares of the semiconductor manufacturer’s stock worth $42,502,000 after purchasing an additional 22,159 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its position in Advanced Micro Devices by 4.1% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 18,780 shares of the semiconductor manufacturer’s stock worth $2,268,000 after buying an additional 731 shares during the last quarter. Atlas Brown Inc. increased its holdings in shares of Advanced Micro Devices by 11.0% in the fourth quarter. Atlas Brown Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock valued at $238,000 after buying an additional 195 shares in the last quarter. Jacobs & Co. CA lifted its position in shares of Advanced Micro Devices by 13.2% during the 4th quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer’s stock valued at $10,753,000 after acquiring an additional 10,404 shares during the last quarter. Finally, Sage Capital Advisors llc boosted its stake in shares of Advanced Micro Devices by 1.6% during the 4th quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer’s stock worth $771,000 after acquiring an additional 98 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.