Barclays Issues Pessimistic Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its price target reduced by equities research analysts at Barclays from $170.00 to $140.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Barclays‘s price objective suggests a potential upside of 15.26% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Citigroup decreased their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.61.

Advanced Micro Devices Stock Performance

AMD stock opened at $121.46 on Friday. The firm has a market cap of $197.11 billion, a PE ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $129.94 and a 200-day moving average price of $145.32. Advanced Micro Devices has a 1-year low of $114.41 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. As a group, equities research analysts expect that Advanced Micro Devices will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were 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 owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 over the last three months. Company insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. Key Client Fiduciary Advisors LLC boosted its stake in shares of Advanced Micro Devices by 2.8% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 7,045 shares of the semiconductor manufacturer’s stock worth $851,000 after purchasing an additional 195 shares during the period. Veracity Capital LLC lifted its position in shares of Advanced Micro Devices by 12.1% during the fourth quarter. Veracity Capital LLC now owns 4,679 shares of the semiconductor manufacturer’s stock valued at $565,000 after buying an additional 506 shares during the last quarter. Secure Asset Management LLC boosted its stake in Advanced Micro Devices by 4.2% in the fourth quarter. Secure Asset Management LLC now owns 5,962 shares of the semiconductor manufacturer’s stock valued at $720,000 after acquiring an additional 238 shares in the last quarter. Red Door Wealth Management LLC increased its position in Advanced Micro Devices by 53.1% during the 4th quarter. Red Door Wealth Management LLC now owns 1,987 shares of the semiconductor manufacturer’s stock valued at $240,000 after buying an additional 689 shares in the last quarter. Finally, IVC Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 29.1% in the 4th quarter. IVC Wealth Advisors LLC now owns 2,961 shares of the semiconductor manufacturer’s stock valued at $358,000 after purchasing an additional 668 shares during the last quarter. Hedge funds and other institutional investors 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.