Advanced Micro Devices (AMD) Price Target Cut to $9.00 by Analysts at Barclays

Advanced Micro Devices (NASDAQ:AMD) had its price target dropped by equities research analysts at Barclays to $9.00 in a note issued to investors on Thursday, The Fly reports. The firm currently has an “underweight” rating on the semiconductor manufacturer’s stock. Barclays’ price target would suggest a potential downside of 13.13% from the company’s current price.

Several other research analysts also recently commented on AMD. BidaskClub raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Susquehanna Bancshares lowered their target price on Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. Vetr downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 target price for the company. in a research note on Friday, January 19th. MKM Partners boosted their target price on Advanced Micro Devices from $13.00 to $14.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.45.

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Shares of NASDAQ AMD opened at $10.36 on Thursday. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. The stock has a market cap of $10,195.27, a price-to-earnings ratio of 129.50, a price-to-earnings-growth ratio of 4.28 and a beta of 2.86. Advanced Micro Devices has a 12 month low of $9.04 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. sell-side analysts predict that Advanced Micro Devices will post 0.32 earnings per share for the current year.

In other Advanced Micro Devices news, SVP Mark D. Papermaster sold 150,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $11.38, for a total transaction of $1,707,000.00. Following the transaction, the senior vice president now directly owns 1,207,949 shares in the company, valued at approximately $13,746,459.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Devinder Kumar sold 67,976 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $13.43, for a total value of $912,917.68. The disclosure for this sale can be found here. Insiders sold 792,824 shares of company stock worth $9,514,713 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. NINE MASTS CAPITAL Ltd bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $102,000. Chilton Investment Co. LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $103,000. Stone Ridge Asset Management LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $104,000. Ellington Management Group LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $114,000. Finally, Conning Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $153,000. Hedge funds and other institutional investors own 62.19% of the company’s stock.

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About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

The Fly

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