UBS Group Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $205.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective cut by UBS Group from $210.00 to $205.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company increased their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Bank of America reissued a “buy” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Morgan Stanley lowered their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Barclays decreased their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Stock Down 1.5 %

NASDAQ AMD opened at $141.86 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 2.01. The company’s 50 day simple moving average is $154.75 and its 200 day simple moving average is $155.81. Advanced Micro Devices has a 12 month low of $105.91 and a 12 month high of $227.30. The company has a market capitalization of $229.60 billion, a P/E ratio of 127.80, a PEG ratio of 2.03 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for 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%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities research analysts expect that Advanced Micro Devices will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sustainable Insight Capital Management LLC grew its position in shares of Advanced Micro Devices by 121.1% in the third quarter. Sustainable Insight Capital Management LLC now owns 2,739 shares of the semiconductor manufacturer’s stock valued at $449,000 after purchasing an additional 1,500 shares during the last quarter. GSG Advisors LLC bought a new stake in Advanced Micro Devices during the 3rd quarter valued at approximately $516,000. Sheets Smith Wealth Management acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $331,000. Field & Main Bank grew its holdings in Advanced Micro Devices by 1.4% in the 3rd quarter. Field & Main Bank now owns 19,777 shares of the semiconductor manufacturer’s stock valued at $3,245,000 after buying an additional 275 shares during the last quarter. Finally, Objective Capital Management LLC bought a new position in Advanced Micro Devices in the 3rd quarter worth approximately $502,000. Institutional investors and hedge funds 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.