Advanced Micro Devices (NASDAQ:AMD – Get Rating) had its price target upped by investment analysts at Piper Sandler from $90.00 to $110.00 in a report released on Monday, The Fly reports. The firm currently has an “overweight” rating on the semiconductor manufacturer’s stock. Piper Sandler’s target price would indicate a potential upside of 16.98% from the company’s current price.
AMD has been the subject of several other reports. Truist Financial lifted their price objective on Advanced Micro Devices from $70.00 to $79.00 and gave the stock a “hold” rating in a report on Monday, January 23rd. KeyCorp boosted their price target on Advanced Micro Devices from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Northland Securities boosted their price target on Advanced Micro Devices from $60.00 to $68.00 and gave the company a “market perform” rating in a research report on Wednesday, February 1st. Mizuho reduced their price objective on Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, February 1st. Finally, BMO Capital Markets initiated coverage on Advanced Micro Devices in a research note on Wednesday, February 1st. They issued a “buy” rating and a $110.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.27.
Advanced Micro Devices Trading Down 1.5 %
NASDAQ:AMD opened at $94.03 on Monday. The stock’s 50 day moving average price is $87.56 and its 200 day moving average price is $74.28. The company has a market capitalization of $151.33 billion, a PE ratio of 106.85, a P/E/G ratio of 5.61 and a beta of 1.94. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.05. Advanced Micro Devices has a 52-week low of $54.57 and a 52-week high of $109.57.
Insider Transactions at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $85.19, for a total value of $2,555,700.00. Following the completion of the sale, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at $129,228,544.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction on Monday, February 6th. The shares were sold at an average price of $85.19, for a total transaction of $2,555,700.00. Following the completion of the sale, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at approximately $129,228,544.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rick Bergman sold 3,000 shares of Advanced Micro Devices stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $85.88, for a total transaction of $257,640.00. Following the sale, the executive vice president now directly owns 155,232 shares of the company’s stock, valued at approximately $13,331,324.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,265 shares of company stock valued at $9,548,475. Corporate insiders own 0.73% of the company’s stock.
Institutional Investors Weigh In On Advanced Micro Devices
Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Advanced Micro Devices during the 4th quarter worth about $1,252,070,000. Moneta Group Investment Advisors LLC increased its stake in shares of Advanced Micro Devices by 105,415.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after purchasing an additional 8,518,629 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth about $777,111,000. Fisher Asset Management LLC increased its stake in shares of Advanced Micro Devices by 33.5% during the 4th quarter. Fisher Asset Management LLC now owns 25,885,044 shares of the semiconductor manufacturer’s stock worth $1,676,574,000 after purchasing an additional 6,490,705 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Advanced Micro Devices by 35.5% in the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after acquiring an additional 4,475,368 shares during the period. 67.17% of the stock is owned by institutional investors.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
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