Advanced Micro Devices (NASDAQ:AMD) Price Target Cut to $215.00 by Analysts at Mizuho

Advanced Micro Devices (NASDAQ:AMD) had its target price reduced by Mizuho from $235.00 to $215.00 in a report released on Wednesday morning, Benzinga reports. Mizuho currently has a buy rating on the semiconductor manufacturer’s stock.

AMD has been the subject of several other research reports. Northland Securities upgraded shares of Advanced Micro Devices from a market perform rating to an outperform rating and set a $195.00 price objective for the company in a research note on Wednesday, January 31st. Truist Financial reduced their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a hold rating for the company in a research note on Wednesday. HSBC upgraded Advanced Micro Devices from a hold rating to a buy rating and lifted their target price for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. KeyCorp raised their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an overweight rating in a report on Wednesday, January 31st. Finally, New Street Research upgraded shares of Advanced Micro Devices from a neutral rating to a buy rating and set a $215.00 target price on the stock in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $184.24.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $150.60 on Wednesday. The company has a market cap of $243.42 billion, a PE ratio of 221.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a 52 week low of $81.11 and a 52 week high of $227.30. The business has a 50 day moving average price of $175.41 and a 200-day moving average price of $151.81.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the business earned $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices will post 2.59 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock valued at $34,637,833 over the last 90 days. 0.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the stock. Chase Investment Counsel Corp raised its holdings in Advanced Micro Devices by 0.7% in the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $231,000. Pathway Financial Advisors LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $229,000. Independence Bank of Kentucky boosted its stake in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $1,759,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.