Advanced Micro Devices (NASDAQ:AMD) Given New $215.00 Price Target at Mizuho

Advanced Micro Devices (NASDAQ:AMD) had its price objective cut by analysts at Mizuho from $235.00 to $215.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Mizuho’s price target suggests a potential upside of 45.73% from the company’s current price.

Several other analysts have also recently commented on the company. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, April 17th. Barclays raised their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Roth Mkm raised their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Cantor Fitzgerald dropped their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Susquehanna dropped their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $185.35.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $10.85 during mid-day trading on Wednesday, reaching $147.53. 27,007,271 shares of the stock were exchanged, compared to its average volume of 71,677,898. The company has a 50 day simple moving average of $177.04 and a 200-day simple moving average of $151.59. The stock has a market capitalization of $238.43 billion, a P/E ratio of 283.68, a P/E/G ratio of 2.44 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 1 year low of $81.02 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices will post 2.64 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 over the last three months. 0.65% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently modified their holdings of AMD. Raymond James Financial Services Advisors Inc. grew its stake in Advanced Micro Devices by 9.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 600,310 shares of the semiconductor manufacturer’s stock valued at $61,724,000 after buying an additional 50,449 shares during the last quarter. Simon Quick Advisors LLC grew its position in shares of Advanced Micro Devices by 16.2% during the 3rd quarter. Simon Quick Advisors LLC now owns 3,864 shares of the semiconductor manufacturer’s stock worth $397,000 after purchasing an additional 539 shares in the last quarter. Capital Advisors Inc. OK grew its position in shares of Advanced Micro Devices by 5.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 3,262 shares of the semiconductor manufacturer’s stock worth $335,000 after purchasing an additional 166 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Advanced Micro Devices by 63.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 67,210 shares of the semiconductor manufacturer’s stock worth $6,911,000 after purchasing an additional 26,081 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 53.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,683 shares of the semiconductor manufacturer’s stock worth $1,098,000 after purchasing an additional 3,719 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. 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, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.