Wells Fargo & Company Has Lowered Expectations for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its target price dropped by research analysts at Wells Fargo & Company from $165.00 to $140.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 27.09% from the company’s previous close.

AMD has been the subject of a number of other reports. Barclays lowered their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. Melius Research restated a “hold” rating and issued a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. TD Cowen lowered their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, HSBC reissued a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.30.

Advanced Micro Devices Stock Down 1.7 %

Shares of AMD stock opened at $110.16 on Wednesday. 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 has a one year low of $106.50 and a one year high of $227.30. The company’s fifty day moving average price is $124.53 and its 200-day moving average price is $140.39. The company has a market capitalization of $178.77 billion, a price-to-earnings ratio of 99.24, a PEG ratio of 1.03 and a beta of 1.65.

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

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMD. Christopher J. Hasenberg Inc grew its stake in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares during the period. Wealth Effects LLC boosted its holdings in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares in the last quarter. Jacobsen Capital Management grew its position in Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after buying an additional 70 shares during the period. Sigma Investment Counselors Inc. increased its holdings in Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $243,000 after buying an additional 74 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC raised its position in shares of Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 74 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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.