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

Advanced Micro Devices (NASDAQ:AMD) had its price target boosted by equities research analysts at TD Cowen from $185.00 to $200.00 in a report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price would indicate a potential upside of 36.39% from the stock’s previous close.

A number of other research firms have also recently issued reports on AMD. Truist Financial upped their price objective on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Wells Fargo & Company raised their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Evercore ISI assumed coverage on Advanced Micro Devices in a research report on Tuesday. They set an “outperform” rating and a $200.00 price objective on the stock. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Finally, Roth Mkm boosted their price target on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $146.64 on Thursday. 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 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market capitalization of $236.99 billion, a P/E ratio of 282.01, a price-to-earnings-growth ratio of 2.35 and a beta of 1.64. The stock has a fifty day moving average of $179.64 and a 200-day moving average of $148.58.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of AMD. Maryland State Retirement & Pension System lifted its stake in shares of Advanced Micro Devices by 0.6% in the first quarter. Maryland State Retirement & Pension System now owns 125,510 shares of the semiconductor manufacturer’s stock valued at $22,653,000 after buying an additional 716 shares in the last quarter. Kesler Norman & Wride LLC bought a new position in Advanced Micro Devices in the 1st quarter valued at about $1,051,000. FORVIS Wealth Advisors LLC lifted its position in Advanced Micro Devices by 37.1% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 5,029 shares of the semiconductor manufacturer’s stock valued at $908,000 after acquiring an additional 1,361 shares in the last quarter. Veracity Capital LLC boosted its stake in Advanced Micro Devices by 17.1% during the 1st quarter. Veracity Capital LLC now owns 4,822 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 703 shares during the last quarter. Finally, Willis Johnson & Associates Inc. increased its holdings in Advanced Micro Devices by 29.6% during the 1st quarter. Willis Johnson & Associates Inc. now owns 2,840 shares of the semiconductor manufacturer’s stock worth $513,000 after purchasing an additional 648 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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.