Craig Hallum lowered shares of Advanced Micro Devices (NASDAQ:AMD) from a buy rating to a hold rating in a report released on Wednesday morning, Briefing.com Automated Import reports. They currently have $66.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $60.00.

Other equities research analysts also recently issued research reports about the company. UBS Group increased their target price on Advanced Micro Devices from $48.00 to $52.00 and gave the stock a neutral rating in a research report on Wednesday, April 29th. Argus increased their target price on Advanced Micro Devices from $60.00 to $66.00 and gave the stock a buy rating in a research report on Thursday, April 30th. Cfra increased their target price on Advanced Micro Devices from $53.00 to $60.00 and gave the stock a buy rating in a research report on Wednesday, April 29th. Piper Sandler increased their target price on Advanced Micro Devices from $58.00 to $60.00 and gave the stock an overweight rating in a research report on Wednesday, April 29th. Finally, Rosenblatt Securities upped their price target on shares of Advanced Micro Devices from $65.00 to $70.00 and gave the stock a buy rating in a report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of Buy and an average price target of $68.97.

Shares of NASDAQ AMD opened at $77.43 on Wednesday. Advanced Micro Devices has a twelve month low of $27.43 and a twelve month high of $78.96. The stock’s 50 day moving average price is $56.61 and its 200-day moving average price is $51.94. The company has a market capitalization of $90.91 billion, a PE ratio of 113.87, a PEG ratio of 2.03 and a beta of 2.14. The company has a quick ratio of 1.68, a current ratio of 2.10 and a debt-to-equity ratio of 0.15.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, research analysts expect that Advanced Micro Devices will post 0.85 EPS for the current fiscal year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $55.41, for a total value of $8,311,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,753,670 shares in the company, valued at $152,580,854.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $55.25, for a total transaction of $4,143,750.00. Following the completion of the sale, the senior vice president now owns 752,100 shares of the company’s stock, valued at $41,553,525. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 461,000 shares of company stock valued at $25,381,930. 1.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors increased its stake in shares of Advanced Micro Devices by 69.1% during the first quarter. Capital World Investors now owns 47,990,133 shares of the semiconductor manufacturer’s stock valued at $2,182,597,000 after purchasing an additional 19,615,477 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Advanced Micro Devices by 9.4% during the first quarter. Geode Capital Management LLC now owns 19,489,112 shares of the semiconductor manufacturer’s stock valued at $884,798,000 after purchasing an additional 1,680,707 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Advanced Micro Devices by 3.4% during the first quarter. Nuveen Asset Management LLC now owns 10,690,904 shares of the semiconductor manufacturer’s stock valued at $486,223,000 after purchasing an additional 347,213 shares in the last quarter. Norges Bank bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $407,296,000. Finally, Fisher Asset Management LLC bought a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $324,394,000. 69.37% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

Featured Story: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.