KeyCorp Lowers Price Target for Advanced Micro Devices

On February 7th, 2025, KeyCorp announced it has reduced its price target for Advanced Micro Devices (NASDAQ:AMD) from $150.00 to $140.00 in a research report provided to clients and investors. Despite this adjustment, the firm maintains an "overweight" rating on the semiconductor manufacturer's stock. The new price target suggests a potential upside of 27.09% from the stock's current price level.

In addition to KeyCorp, several other analysts have also issued recent reports regarding Advanced Micro Devices. Piper Sandler reaffirmed an "overweight" rating while lowering its target price from $200.00 to $180.00 in a report released on October 30th. Similarly, Mizuho cut its target price from $180.00 to $160.00, retaining an "outperform" rating for the stock in a note dated January 10th. On the same day, HSBC Global Research downgraded AMD from a "strong-buy" to a "moderate sell" rating. Furthermore, The Goldman Sachs Group downgraded the stock to a "neutral" rating and decreased its target price from $175.00 to $129.00 on January 10th. TD Cowen also reduced their price target for AMD from $185.00 to $150.00 while maintaining a "buy" rating. Overall, among analysts, there are two sell ratings, eight hold ratings, twenty buy ratings, and two strong buy ratings for the company. MarketBeat.com shows a consensus rating of "Moderate Buy" along with a consensus price target of $161.30.

Recent Stock Performance of Advanced Micro Devices

On Wednesday, NASDAQ AMD opened at $110.16. Currently, the stock has a 50-day moving average price of $124.53 and a 200-day moving average price of $140.39. The company reports a quick ratio of 1.78 and a current ratio of 2.50, with a low debt-to-equity ratio of 0.03. The stock experienced a 52-week low of $106.50 and a high of $227.30. With a market capitalization of $178.77 billion and a P/E ratio of 99.24, the stock also has a price-to-earnings growth ratio of 1.03 and a beta value of 1.65.

In its most recent earnings report dated February 4th, Advanced Micro Devices disclosed that it achieved earnings per share (EPS) of $0.88 for the quarter, falling short of the consensus estimate of $1.07 by $0.19. The company recorded a net margin of 7.52% and a return on equity of 6.62%. Market analysts are predicting that Advanced Micro Devices will post an EPS of 2.54 for the current year.

Insider Transactions at Advanced Micro Devices

In other news regarding Advanced Micro Devices, CEO Lisa T. Su sold 76,496 shares of the company's stock on December 4th, for an average price of $142.66. The total sale transaction amounted to approximately $10.9 million. After this transaction, the CEO holds around 3,566,762 shares worth approximately $508.83 million. This sale represents a 2.10% reduction in her shareholding. The transaction details have been documented in a filing with the SEC, which is publicly accessible.

Institutional Investment Trends for Advanced Micro Devices

Recent activity among institutional investors and hedge funds shows a variety of changes in the ownership of Advanced Micro Devices' shares. Vestmark Advisory Solutions Inc. increased its holdings in AMD by 51.1% in the fourth quarter, owning now 24,572 shares valued at nearly $2.97 million after acquiring an additional 8,315 shares. Similarly, Ethos Financial Group LLC raised its ownership by 36.8%, now holding 2,045 shares valued at $247,000. New investment positions in AMD were established by Promus Capital LLC ($74,000) and Vantage Financial Partners LLC ($277,000), while Arizona State Retirement System increased its stake by 1.3%, now controlling 469,457 shares valued at $56.7 million. Overall, institutional investors hold approximately 71.34% of AMD's stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc. is a global semiconductor company that operates through various segments, including Data Center, Client, Gaming, and Embedded. The company provides a range of products such as x86 microprocessors, graphics processing units (GPUs), chipsets, and semi-custom system-on-chip (SoC) products, among others.

KeyCorp, AMD, Target