Analyzing AMD Stock After It Gets A $110 Price Objective From The Goldman Sachs Group


Advanced Micro Devices (NASDAQ: AMD) gets an increased price objective from the equities researchers of Goldman Sachs Group to $110 from $96. They have a ‘buy’ recommendation, indicating a potential 14.35% upside from the earlier close.

On Monday, the company surged by $4.55 in the stock market and reached $96.20 with the market cap being $115.70B. They had a 2,372,254 trading volume as compared to 63,014,000. Their lowest in 12 months is $36.75 while the highest is $96.37. Their current, quick, and debt-to-equity are 2.28, 1.74, and 0.10. Their 50-day rolling average is $84.50 while 200-day is $73.78.

According to the 27th October report, Advanced Micro Device had quarterly EPS earnings of $0.41, surpassing the $0.31 consensus estimate by $0.10. Their net margin was 10.17% and their equity return is 33.04%. Their revenue was $2.80B that topped the $2.56B estimate.

AMD Stock Transactions

Cleveland Research increased their rating for the microdevice stock to ‘buy’ from ‘neutral’ while Northland Securities decreased it to ‘market perform’ from ‘outperform’ and assigned a price objective of $80. Smith Citigroup raised their price aim to $13 from $9 and Wedbush reassigned their rating of ‘outperform’ while issuing a price objective of $100. Wells Fargo& Co. promoted the price objective to $100 from $82 and lifted the rating to ‘overweight’ from ‘equal-weight’.

Mark Papermaster, EVP, sold off 43,000 AMD shares at $84.17 EPS worth $3,619,310. Rick Bergman, EVP, sold off 2,000 AMD shares at $74.88 worth $149,760. 1.20% of the stock is owned by insiders.

Freestone Holdings purchased a new stake in AMD stock in Q3 for $25,000. CENTRAL TRUST increased its holdings by 644.7%, owning $29,000 worth of shares. Clear Harbor Management purchased a new stake in Q3 at $30,000 and Kayne Management increased their stake by 433.3%, owning $34,000 worth of shares. Hedge funds and institutional investors own 60.58% AMD stock.