Advanced Micro Devices (AMD) Given New $7.00 Price Target by UBS AG (UBS) Analysts.
Thursday, July 14, 2021 10:11 AM

Equities research analysts at UBS AG (NYSE: UBS) lowered their price target on shares of Advanced Micro Devices (NYSE: AMD) to $7.00 in a research note to investors on Thursday. The analysts currently have a "neutral" rating on the stock.

Separately, analysts at MKM Partners initiated coverage on shares of Advanced Micro Devices in a research note to investors on Wednesday. They set a "sell" rating and a $5.00 price target on the stock. Also, analysts at JMP Securities downgraded shares of Advanced Micro Devices from a "market perform" rating to an "underperform" rating in a research note to investors on Monday. They now have a $4.50 price target on the stock.

Shares of Advanced Micro Devices traded up 1.39% during mid-day trading on Friday, hitting $6.57. Advanced Micro Devices has a 52 week low of $5.53 and a 52 week high of $9.58. The stock's 50-day moving average is $7.43 and its 200-day moving average is $8.25. The company has a market cap of $4.517 billion and a price-to-earnings ratio of 6.60.

Advanced Micro Devices last announced its quarterly results on Thursday, April 21st. The company reported $0.08 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.05 EPS by $0.03. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 2.50% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices will post $0.16 EPS next quarter.

Advanced Micro Devices, Inc. (AMD) is a global semiconductor company. The Company designs and sells microprocessors, chipsets and graphics processors. It offers x86 microprocessors, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and notebook personal computers (PCs), professional workstations and servers. The Company operates in three business segments: the Computing Solutions segment, which includes microprocessors, chipsets and embedded processors and related revenue; the Graphics segment, which includes graphics, video and multimedia products and related revenue, as well as revenue received in connection with the development and sale of game console systems that incorporate its graphics technology, and the Foundry segment, which includes operating results attributable to front end wafer manufacturing operations and related activities.

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