Market Analysts Set Target Price for Advanced Micro Devices, Inc. (AMD) at $184.24

Advanced Micro Devices, Inc. (AMD), a leading semiconductor company, has gained positive momentum as the average target price is set at $184.24, according to recent brokerage ratings. With twenty-nine brokerages involved, the consensus suggests a 'Moderate Buy' stance toward AMD's stock. While two analysts maintain a 'hold' rating, an overwhelming majority of twenty-seven are recommending a 'buy'. This investment confidence is reflected in the one-year target price projections that have recently been reported.

Recent Analyst Ratings

Recent reports have shown varying opinions among analysts. For example, Raymond James downgraded AMD from 'strong-buy' to 'outperform', yet raised the target price from $190 to $195. Bank of America remains bullish, increasing their target from $165 to $195 and branding the stock as a 'buy'. Alternatively, StockNews.com adjusted their rating from 'hold' to 'sell'. Susquehanna has set a 'positive' rating, albeit with a reduced target price from $200 to $185. Piper Sandler, maintaining an 'overweight' rating, decreased their price goal from $195 to $175.

AMD's Market Performance

AMD's shares inaugurated at $152.39 recently. The company's market capitalization stands at $246.31 billion, with a P/E ratio of 224.10, a P/E/G ratio of 2.33, and a beta of 1.66. The stock's performance is marked by a 50-day simple moving average of $174.08 and a two-hundred-day simple moving average of $153.24. It experienced a one-year low of $93.11 and a peak of $227.30. The company maintains a solid debt-to-equity ratio of 0.03, a current ratio of 2.64, and a quick ratio of 1.92.

Earnings and Financial Health

On the financial front, AMD reported earnings of $0.62 per share for the last quarter, marginally surpassing the consensus prediction of $0.61. Its revenue was $5.47 billion, closely aligning with analyst expectations. Comparatively, the previous year saw a lower earnings per share at $0.43. Projections for the current year place AMD's earnings per share at 2.63.

Insider Market Activity

Insider transactions also provide insight into the company's internal confidence. Notably, Director Joseph A. Householder sold 6,572 shares at an average price of $208.08. Following this transaction, the director retained 2,197 shares. Disclosures of these sales are publicly filed and provide transparency into insider activity. During the last ninety days, insiders sold a total of 181,850 company shares, valued at $34,637,833.

Institutional Investments

Institutional investors have shown an active interest in AMD, with several new stakeholders and current investors adjusting their holdings. Investments have ranged from as low as purchasing 140 shares to much larger portfolio inclusions. Hedge funds and other institutional investors currently own 71.34% of AMD stock.

About Advanced Micro Devices

Advanced Micro Devices operates globally, providing a slew of semiconductor solutions like x86 microprocessors, GPUs, and system-on-chip products for various segments such as Data Center, Client, Gaming, and Embedded technologies.

AMD, Stock, Investment