Truist Financial Trims Advanced Micro Devices (NASDAQ:AMD) Target Price to $156.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective decreased by Truist Financial from $162.00 to $156.00 in a report issued on Wednesday, Benzinga reports. Truist Financial currently has a hold rating on the semiconductor manufacturer’s stock.

Other equities analysts also recently issued research reports about the company. Benchmark lowered their price target on 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. Susquehanna restated a positive rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, July 25th. Evercore ISI cut their price target on Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities restated a buy rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Finally, KeyCorp cut their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $193.45.

Advanced Micro Devices Stock Down 0.0 %

NASDAQ:AMD opened at $132.50 on Wednesday. The stock’s fifty day simple moving average is $160.41 and its 200-day simple moving average is $167.82. The company has a quick ratio of 1.92, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $214.45 billion, a P/E ratio of 194.86, a P/E/G ratio of 1.79 and a beta of 1.69. Advanced Micro Devices has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Equities research analysts expect that Advanced Micro Devices will post 2.58 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMD. Tradewinds Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares in the last quarter. Morton Brown Family Wealth LLC lifted its position in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the period. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Semmax Financial Advisors Inc. lifted its position in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 139 shares during the period. Finally, Bare Financial Services Inc bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.