KeyCorp Lowers Advanced Micro Devices (NASDAQ:AMD) Target Price to $220.00

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) Analysts at KeyCorp lowered their price target from $230.00 to $220.00 in a research report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the semiconductor maker’s stock. KeyCorp’s price target indicates a potential upside of 23.12% from the stock’s current price.

AMD was the subject of several other research reports. Evercore ISI lowered the price target for shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the stock in a research report on Wednesday, May 1. Benchmark lowered the price target for shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the stock in a research report on Thursday, May 2. TD Cowen increased the price target for shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18. Susquehanna increased the price target for shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10. Finally, Morgan Stanley lowered shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock in a research report on Monday, June 10. One equities research analyst rated the stock a “sell,” three have given a “hold” rating, and twenty-seven have given a “buy” rating to the stock. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.50, according to data from MarketBeat.

Read our latest AMD stock analysis

Advanced Micro Devices Stock Performance

AMD stock opened at $178.69 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock has a 50-day moving average of $160.65 and a 200-day moving average of $166.43. The company has a market capitalization of $288.82 billion, a P/E ratio of 262.78, a P/E ratio of 1.99 and a beta of 1.68. Advanced Micro Devices has a one-year low of $93.11 and a one-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its financial results on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter increased by 2.2% compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.43. Equity research analysts, on average, predict that Advanced Micro Devices will post 2.61 EPS for the current fiscal year.

Insiders are betting

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14. The shares were sold at an average price of $158.94, for a total transaction value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . 0.65% of the stock is currently owned by insiders.

Institutional investors evaluate advanced micro devices

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chase Investment Counsel Corp increased its holdings in Advanced Micro Devices by 0.7% in the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor maker’s stock worth $1,772,000 after purchasing an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $231,000. Pathway Financial Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $229,000. Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor maker’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC increased its holdings in shares of Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor maker’s stock worth $1,840,000 after purchasing an additional 7,235 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

(Download the free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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