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

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

AMD has been the topic of a number of other reports. Raymond James lowered Advanced Micro Devices from a strong-buy rating to an outperform rating and upped their target price for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. Wedbush reaffirmed an outperform rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, April 17th. KeyCorp upped their price target on Advanced Micro Devices from $195.00 to $270.00 and gave the company an overweight rating in a research report on Wednesday, January 31st. Melius raised Advanced Micro Devices from a hold rating to a buy rating in a research report on Monday, January 8th. Finally, The Goldman Sachs Group upped their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a buy rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $182.62.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $144.27 on Wednesday. The stock’s 50 day moving average price is $176.64 and its 200 day moving average price is $151.54. Advanced Micro Devices has a one year low of $81.02 and a one year high of $227.30. The firm has a market capitalization of $233.16 billion, a PE ratio of 277.45, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the company posted $0.43 EPS. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Micro Devices will post 2.64 EPS for the current fiscal year.

Insider Activity

In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on 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 directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,143 shares of company stock valued at $62,580,844. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

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

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.