Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $31.00 at UBS Group

Advanced Micro Devices (NASDAQ:AMD) had its target price upped by UBS Group from $24.00 to $31.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the semiconductor manufacturer’s stock.

Several other equities research analysts also recently weighed in on the company. Credit Suisse Group restated an outperform rating and set a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Bank of America set a $77.00 price target on Citigroup and gave the stock a buy rating in a report on Monday, June 10th. Cowen restated a hold rating and set a $103.00 price target on shares of United Therapeutics in a report on Wednesday, May 1st. Zacks Investment Research downgraded Great Portland Estates from a hold rating to a sell rating in a report on Tuesday, April 16th. Finally, ValuEngine upgraded XCel Brands from a sell rating to a hold rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $30.08.

NASDAQ AMD traded down $0.73 during trading hours on Wednesday, hitting $33.06. 62,219,605 shares of the company were exchanged, compared to its average volume of 76,002,234. The company’s 50 day simple moving average is $30.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08. Advanced Micro Devices has a 52-week low of $15.72 and a 52-week high of $34.30. The firm has a market capitalization of $35.76 billion, a price-to-earnings ratio of 94.46, a price-to-earnings-growth ratio of 1.91 and a beta of 3.08.



Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.11 EPS. Advanced Micro Devices’s revenue was down 22.8% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices will post 0.54 EPS for the current fiscal year.

In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $27.49, for a total value of $824,700.00. Following the completion of the sale, the executive vice president now directly owns 1,329,588 shares of the company’s stock, valued at approximately $36,550,374.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the sale, the senior vice president now directly owns 22,979 shares of the company’s stock, valued at $652,373.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,033,066 shares of company stock valued at $30,445,396. Insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. G&S Capital LLC acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $78,000. Bronfman E.L. Rothschild L.P. lifted its position in Advanced Micro Devices by 24.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,566 shares of the semiconductor manufacturer’s stock worth $47,000 after acquiring an additional 503 shares during the period. Captrust Financial Advisors lifted its position in Advanced Micro Devices by 567.7% during the 4th quarter. Captrust Financial Advisors now owns 8,280 shares of the semiconductor manufacturer’s stock worth $153,000 after acquiring an additional 7,040 shares during the period. Perkins Capital Management Inc. lifted its position in Advanced Micro Devices by 7.0% during the 1st quarter. Perkins Capital Management Inc. now owns 15,250 shares of the semiconductor manufacturer’s stock worth $389,000 after acquiring an additional 1,000 shares during the period. Finally, Nepsis Inc. acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $7,182,000. 60.73% of the stock is owned by hedge funds and other institutional investors.

About Advanced Micro Devices

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 (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

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