Piper Sandler Raises Advanced Micro Devices (NASDAQ:AMD) Price Target to $200.00

Advanced Micro Devices (NASDAQ:AMD) had its price target boosted by Piper Sandler from $175.00 to $200.00 in a report issued on Friday, Benzinga reports. They currently have an overweight rating on the semiconductor manufacturer’s stock.

Several other brokerages also recently issued reports on AMD. Robert W. Baird lowered their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an outperform rating for the company in a report on Wednesday, July 31st. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an equal weight rating in a report on Wednesday, July 31st. Rosenblatt Securities reiterated a buy rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Susquehanna reiterated a positive rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Barclays lowered their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an overweight rating for the company in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $195.00.

Advanced Micro Devices Stock Up 2.3 %

NASDAQ AMD opened at $167.89 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a 50 day moving average of $151.34 and a 200-day moving average of $157.42. The company has a market cap of $271.36 billion, a price-to-earnings ratio of 246.90, a PEG ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. On average, equities research analysts expect that Advanced Micro Devices will post 2.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC lifted its position in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. ZRC Wealth Management LLC lifted its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC lifted its position in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares in the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices in the 2nd quarter valued at about $27,000. Finally, Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the 4th quarter valued at about $28,000. 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.