Benchmark Lowers Advanced Micro Devices (NASDAQ:AMD) Price Target to $170.00

Advanced Micro Devices (NASDAQ:AMD) had its price target lowered by Benchmark from $200.00 to $170.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Benchmark’s price objective points to a potential upside of 54.32% from the stock’s previous close.

Several other analysts have also weighed in on AMD. Bank of America lowered their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company lowered their target price on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. HSBC reaffirmed a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $161.30.

Advanced Micro Devices Trading Down 1.7 %

Shares of AMD opened at $110.16 on Wednesday. The stock’s 50-day moving average is $124.53 and its two-hundred day moving average is $140.39. The stock has a market cap of $178.77 billion, a PE ratio of 99.24, a P/E/G ratio of 1.03 and a beta of 1.65. Advanced Micro Devices has a 12 month low of $106.50 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Equities analysts forecast that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds have recently modified their holdings of AMD. Creative Capital Management Investments LLC increased its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $32,000. 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.