KeyCorp Lowers Advanced Micro Devices (NASDAQ:AMD) Price Target to $220.00

Advanced Micro Devices (NASDAQ:AMDGet Free Report) had its target price dropped by investment analysts at KeyCorp from $230.00 to $220.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the semiconductor manufacturer’s stock. KeyCorp’s price target would indicate a potential upside of 19.59% from the stock’s current price.

AMD has been the topic of several other research reports. Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. TD Cowen raised their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Cantor Fitzgerald cut their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Benchmark cut their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Citigroup dropped their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.50.

View Our Latest Analysis on AMD

Advanced Micro Devices Stock Performance

AMD stock opened at $183.96 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock has a market cap of $297.34 billion, a P/E ratio of 270.53, a P/E/G ratio of 2.07 and a beta of 1.68. The firm has a 50 day simple moving average of $161.81 and a 200 day simple moving average of $166.82. Advanced Micro Devices has a 52 week low of $93.11 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Research analysts anticipate that Advanced Micro Devices will post 2.61 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the stock. Addison Advisors LLC grew its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 62 shares during the last quarter. Prentice Wealth Management LLC lifted its position in Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC lifted its position in Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC lifted its position in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares during the period. Finally, Fiduciary Group LLC lifted its position in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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