UBS Group Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $205.00

Advanced Micro Devices (NASDAQ:AMD) had its target price dropped by investment analysts at UBS Group from $210.00 to $205.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. UBS Group’s price objective would suggest a potential upside of 42.29% from the company’s previous close.

Several other brokerages have also recently issued reports on AMD. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Bank of America reiterated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Morgan Stanley lowered their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 7th. Finally, Truist Financial dropped their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $144.07 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. The stock has a 50-day moving average of $155.01 and a two-hundred day moving average of $155.94. The stock has a market cap of $232.86 billion, a P/E ratio of 211.87, a P/E/G ratio of 2.33 and a beta of 1.70. Advanced Micro Devices has a one year low of $94.07 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue was up 17.6% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices will post 2.56 EPS for the current year.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in the stock. Semmax Financial Advisors Inc. raised its holdings in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the period. Creative Capital Management Investments LLC raised its stake in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC boosted its holdings 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 purchasing an additional 75 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $27,000. Finally, Morton Brown Family Wealth LLC increased its holdings in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 shares during the last quarter. Hedge funds and other 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.