Susquehanna Trims Advanced Micro Devices (NASDAQ:AMD) Target Price to $185.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective cut by Susquehanna from $200.00 to $185.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor manufacturer’s stock. Susquehanna’s price target indicates a potential upside of 17.53% from the company’s previous close.

AMD has been the topic of a number of other research reports. Mizuho raised their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. UBS Group raised their price target on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $185.15.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $157.40 on Monday. 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 has a 1-year low of $81.02 and a 1-year high of $227.30. The company has a market capitalization of $254.38 billion, a P/E ratio of 302.69, a P/E/G ratio of 2.39 and a beta of 1.64. The firm’s 50 day simple moving average is $177.46 and its two-hundred day simple moving average is $150.85.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts expect that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 over the last three months. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of the company. Baxter Bros Inc. boosted its holdings in shares of Advanced Micro Devices by 18.8% in the first quarter. Baxter Bros Inc. now owns 2,132 shares of the semiconductor manufacturer’s stock valued at $385,000 after acquiring an additional 338 shares during the period. Nadler Financial Group Inc. lifted its holdings in shares of Advanced Micro Devices by 29.5% during the first quarter. Nadler Financial Group Inc. now owns 3,556 shares of the semiconductor manufacturer’s stock worth $642,000 after purchasing an additional 810 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its holdings in shares of Advanced Micro Devices by 2.8% during the first quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,211 shares of the semiconductor manufacturer’s stock worth $1,482,000 after purchasing an additional 225 shares during the period. Finer Wealth Management Inc. lifted its holdings in shares of Advanced Micro Devices by 19.3% during the first quarter. Finer Wealth Management Inc. now owns 15,817 shares of the semiconductor manufacturer’s stock worth $2,855,000 after purchasing an additional 2,561 shares during the period. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Advanced Micro Devices by 0.6% during the first quarter. Pinnacle Associates Ltd. now owns 69,856 shares of the semiconductor manufacturer’s stock worth $12,608,000 after purchasing an additional 409 shares during the period. 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.