TD Cowen Increases Advanced Micro Devices (NASDAQ:AMD) Price Target to $200.00

Advanced Micro Devices (NASDAQ:AMD) had its target price upped by TD Cowen from $185.00 to $200.00 in a report issued on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other equities analysts also recently issued research reports about the stock. Rosenblatt Securities reissued a buy rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. Melius Research raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $188.00 price objective for the company in a research note on Monday, January 8th. Wells Fargo & Company lifted their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an overweight rating in a report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed an overweight rating and issued a $190.00 price target on shares of Advanced Micro Devices in a report on Monday, March 4th. Finally, Truist Financial lifted their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a hold rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $185.59.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $155.08 on Thursday. The company has a 50 day moving average price of $180.16 and a 200-day moving average price of $148.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a market capitalization of $250.63 billion, a PE ratio of 298.24, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts forecast that Advanced Micro Devices will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently modified their holdings of AMD. Norges Bank purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $3,426,529,000. Moneta Group Investment Advisors LLC lifted its stake in Advanced Micro Devices by 105,415.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock valued at $552,275,000 after buying an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Advanced Micro Devices in the 1st quarter valued at about $777,111,000. Viking Global Investors LP purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $698,340,000. Finally, Northern Trust Corp lifted its stake 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 buying an additional 4,475,368 shares in the last quarter. 71.34% of the stock is 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.