Advanced Micro Devices (NASDAQ:AMD) Given New $200.00 Price Target at Citigroup

Advanced Micro Devices (NASDAQ:AMD) had its price objective lowered by Citigroup from $210.00 to $200.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor manufacturer’s stock.

Several other equities analysts have also recently weighed in on AMD. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. KeyCorp reduced their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. UBS Group dropped their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $148.60 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices has a 1 year low of $94.07 and a 1 year high of $227.30. The stock has a market capitalization of $240.18 billion, a P/E ratio of 218.53, a P/E/G ratio of 2.33 and a beta of 1.70. The business’s fifty day moving average is $155.17 and its two-hundred day moving average is $156.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices will post 2.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently made changes to their positions in AMD. Maia Wealth LLC raised its holdings in Advanced Micro Devices by 11.0% in the 3rd quarter. Maia Wealth LLC now owns 1,375 shares of the semiconductor manufacturer’s stock valued at $211,000 after acquiring an additional 136 shares in the last quarter. Centennial Wealth Advisory LLC bought a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $223,000. Umpqua Bank increased its position in shares of Advanced Micro Devices by 20.5% during the third quarter. Umpqua Bank now owns 2,156 shares of the semiconductor manufacturer’s stock valued at $354,000 after purchasing an additional 367 shares during the period. Harvest Portfolios Group Inc. increased its position in shares of Advanced Micro Devices by 4.4% during the third quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer’s stock valued at $24,029,000 after purchasing an additional 6,168 shares during the period. Finally, Invictus Private Wealth LLC increased its position in shares of Advanced Micro Devices by 93.3% during the third quarter. Invictus Private Wealth LLC now owns 52,472 shares of the semiconductor manufacturer’s stock valued at $8,610,000 after purchasing an additional 25,333 shares during the period. 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.