Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $96.00 at Citigroup

Advanced Micro Devices (NASDAQ:AMD – Get Rating) had its target price reduced by Citigroup from $110.00 to $96.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.

Other research analysts also recently issued research reports about the company. Susquehanna Bancshares decreased their price objective on Advanced Micro Devices from $140.00 to $120.00 and set a positive rating on the stock in a report on Wednesday, July 13th. KGI Securities raised Advanced Micro Devices from a neutral rating to an outperform rating and set a $125.00 target price on the stock in a research note on Wednesday. BMO Capital Markets raised Advanced Micro Devices from a market perform rating to an outperform rating and raised their target price for the stock from $100.00 to $115.00 in a research note on Thursday, July 14th. Cowen cut their target price on Advanced Micro Devices from $160.00 to $120.00 and set an outperform rating on the stock in a research note on Tuesday, July 12th. Finally, Raymond James cut their target price on Advanced Micro Devices from $160.00 to $130.00 and set a strong-buy rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $125.93.

Advanced Micro Devices Stock Down 1.5 %

AMD opened at $102.31 on Wednesday. The company has a market cap of $165.16 billion, a P/E ratio of 42.99, a P/E/G ratio of 0.94 and a beta of 1.96. The business’s 50-day moving average price is $88.51 and its 200-day moving average price is $100.24. The company has a current ratio of 2.44, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices has a 12 month low of $71.60 and a 12 month high of $164.46.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same period in the prior year, the company earned $0.58 EPS. On average, equities analysts expect that Advanced Micro Devices will post 3.97 EPS for the current year.

Insider Activity

In other news, CFO Devinder Kumar sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the transaction, the chief financial officer now directly owns 504,370 shares in the company, valued at $51,667,662.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Paul Darren Grasby sold 32,694 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total value of $2,517,111.06. Following the completion of the transaction, the executive vice president now directly owns 37,800 shares in the company, valued at approximately $2,910,222. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Devinder Kumar sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the transaction, the chief financial officer now owns 504,370 shares of the company’s stock, valued at $51,667,662.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,660 shares of company stock worth $7,462,511. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its holdings in Advanced Micro Devices by 3.1% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 4,469 shares of the semiconductor manufacturer’s stock worth $342,000 after acquiring an additional 134 shares during the last quarter. Wills Financial Group Inc. raised its holdings in Advanced Micro Devices by 4.2% in the 2nd quarter. Wills Financial Group Inc. now owns 10,230 shares of the semiconductor manufacturer’s stock worth $782,000 after acquiring an additional 415 shares during the last quarter. Stokes Family Office LLC raised its holdings in Advanced Micro Devices by 5.5% in the 2nd quarter. Stokes Family Office LLC now owns 4,682 shares of the semiconductor manufacturer’s stock worth $358,000 after acquiring an additional 243 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in Advanced Micro Devices by 13.9% in the 2nd quarter. Meridian Wealth Management LLC now owns 121,581 shares of the semiconductor manufacturer’s stock worth $9,297,000 after acquiring an additional 14,877 shares during the last quarter. Finally, Wade Financial Advisory Inc raised its holdings in Advanced Micro Devices by 59.1% in the 2nd quarter. Wade Financial Advisory Inc now owns 4,956 shares of the semiconductor manufacturer’s stock worth $379,000 after acquiring an additional 1,840 shares during the last quarter. 69.61% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.