UBS Group Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $200.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective lowered by equities research analysts at UBS Group from $205.00 to $200.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. UBS Group’s price target indicates a potential upside of 39.59% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Barclays raised their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Bank of America raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Susquehanna dropped their target price on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research report on Monday. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $183.09.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $15.10 during trading hours on Wednesday, hitting $143.28. The company’s stock had a trading volume of 50,666,760 shares, compared to its average volume of 71,972,602. Advanced Micro Devices has a 12 month low of $81.02 and a 12 month high of $227.30. The company’s 50 day simple moving average is $177.04 and its two-hundred day simple moving average is $151.59. The company has a market cap of $231.56 billion, a P/E ratio of 275.51, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the completion of the sale, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at $45,513,918.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Advanced Micro Devices by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after purchasing an additional 2,390,558 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after acquiring an additional 2,553,392 shares during the period. Jennison Associates LLC grew its holdings in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. Finally, Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $3,426,529,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.