TD Cowen Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $185.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective trimmed by TD Cowen from $210.00 to $185.00 in a research note released on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the semiconductor manufacturer’s stock.

AMD has been the topic of several other research reports. Bank of America restated a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Piper Sandler increased their target price on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Robert W. Baird lowered their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, KeyCorp cut their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Stock Performance

Shares of 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. Advanced Micro Devices has a one year low of $105.91 and a one year high of $227.30. The business’s 50-day moving average price is $154.75 and its two-hundred day moving average price is $155.81. The company has a market capitalization of $229.60 billion, a P/E ratio of 127.80, a price-to-earnings-growth ratio of 2.03 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $0.53 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices will post 2.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advanced Micro Devices

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