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

Advanced Micro Devices (NASDAQ:AMD) had its price objective lowered by Benchmark from $245.00 to $200.00 in a research report report published on Thursday morning, Benzinga reports. Benchmark currently has a buy rating on the semiconductor manufacturer’s stock.

Several other equities analysts have also recently weighed in on the company. The Goldman Sachs Group increased their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a buy rating in a report on Wednesday, January 31st. Wells Fargo & Company raised their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an overweight rating in a research report on Wednesday, January 31st. HSBC raised shares of Advanced Micro Devices from a hold rating to a buy rating and upped their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Roth Mkm reduced their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a buy rating for the company in a report on Wednesday. Finally, Melius upgraded shares of Advanced Micro Devices from a hold rating to a buy rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $184.24.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $4.44 during midday trading on Thursday, reaching $150.60. 49,303,126 shares of the company’s stock traded hands, compared to its average volume of 71,957,258. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.64. Advanced Micro Devices has a one year low of $81.11 and a one year high of $227.30. The company has a market cap of $243.39 billion, a price-to-earnings ratio of 221.47, a P/E/G ratio of 2.19 and a beta of 1.66. The stock has a 50 day moving average of $175.93 and a 200 day moving average of $151.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 181,850 shares of company stock valued at $34,637,833. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently modified their holdings of the stock. Tradewinds Capital Management LLC increased its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Peoples Bank KS purchased a new position in Advanced Micro Devices during the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management bought a new position in Advanced Micro Devices in the third quarter worth approximately $27,000. Northwest Bank & Trust Co purchased a new stake in Advanced Micro Devices during the fourth quarter worth $28,000. Finally, Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the 4th quarter valued at $29,000. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.