Advanced Micro Devices (NASDAQ:AMD) had its price objective lowered by analysts at Cowen from $33.00 to $26.00 in a research note issued on Tuesday. The firm presently has an “outperform” rating on the semiconductor manufacturer’s stock. Cowen’s price target points to a potential upside of 54.30% from the company’s current price.
A number of other research firms have also recently weighed in on AMD. KeyCorp assumed coverage on Advanced Micro Devices in a report on Tuesday, September 25th. They issued a “sector weight” rating on the stock. Mizuho upped their price target on Advanced Micro Devices from $20.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. FBN Securities assumed coverage on Advanced Micro Devices in a report on Thursday, September 13th. They issued an “outperform” rating on the stock. Northland Securities cut Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $30.00 price target on the stock. in a report on Thursday, September 27th. Finally, Morgan Stanley restated an “underweight” rating and issued a $28.00 price target (up previously from $11.00) on shares of Advanced Micro Devices in a report on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $23.52.
NASDAQ AMD opened at $16.85 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.76. Advanced Micro Devices has a 12-month low of $9.04 and a 12-month high of $34.14. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 210.63, a price-to-earnings-growth ratio of 3.38 and a beta of 3.10.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 615,777 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $19.51, for a total transaction of $12,013,809.27. Following the transaction, the chief executive officer now owns 3,172,907 shares of the company’s stock, valued at approximately $61,903,415.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Devinder Kumar sold 113,519 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total value of $2,198,863.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,740,400 shares of company stock worth $59,709,371. Corporate insiders own 1.80% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Arizona State Retirement System lifted its stake in shares of Advanced Micro Devices by 5.0% during the 3rd quarter. Arizona State Retirement System now owns 212,631 shares of the semiconductor manufacturer’s stock worth $6,568,000 after purchasing an additional 10,175 shares during the period. GWM Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $624,000. Columbus Circle Investors purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $15,639,000. Checchi Capital Advisers LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $274,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Advanced Micro Devices by 450.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 6,052 shares of the semiconductor manufacturer’s stock worth $187,000 after purchasing an additional 4,952 shares during the period. 66.23% 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 in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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