Advanced Micro Devices (NASDAQ:AMD) Price Target Increased to $150.00 by Analysts at Mizuho

Advanced Micro Devices (NASDAQ:AMD) had its target price boosted by Mizuho from $135.00 to $150.00 in a research report issued on Thursday, The Fly reports. Mizuho’s price target indicates a potential upside of 9.59% from the stock’s previous close.

A number of other analysts have also issued reports on AMD. Northland Securities lowered shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $120.00 target price for the company. in a research note on Monday, November 1st. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a report on Tuesday, September 28th. BMO Capital Markets restated a “hold” rating on shares of Advanced Micro Devices in a report on Friday, October 29th. Rosenblatt Securities lifted their price objective on Advanced Micro Devices from $150.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Finally, Westpark Capital restated a “buy” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, December 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $139.27.

Shares of AMD opened at $136.88 on Thursday. The firm has a market capitalization of $165.30 billion, a P/E ratio of 42.38, a P/E/G ratio of 0.98 and a beta of 1.87. Advanced Micro Devices has a 12-month low of $72.50 and a 12-month high of $164.46. The firm has a fifty day moving average price of $145.30 and a 200-day moving average price of $119.43.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Monday, October 25th. The semiconductor manufacturer reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.11 billion. Advanced Micro Devices had a net margin of 26.72% and a return on equity of 40.18%. The business’s revenue was up 54.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, equities analysts forecast that Advanced Micro Devices will post 2.38 EPS for the current year.

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 13,013 shares of the company’s stock in a transaction that occurred on Thursday, October 28th. The stock was sold at an average price of $121.71, for a total value of $1,583,812.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Darla M. Smith sold 1,396 shares of the company’s stock in a transaction that occurred on Tuesday, November 30th. The stock was sold at an average price of $163.44, for a total value of $228,162.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 511,047 shares of company stock worth $74,643,874. 1.00% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Carolinas Wealth Consulting LLC increased its stake in shares of Advanced Micro Devices by 127.1% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 268 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. MCF Advisors LLC increased its stake in shares of Advanced Micro Devices by 252.8% in the 3rd quarter. MCF Advisors LLC now owns 254 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $33,000. Wagner Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 35.9% in the 3rd quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 75 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its stake in shares of Advanced Micro Devices by 41.3% in the 2nd quarter. Jacobi Capital Management LLC now owns 452 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 132 shares during the last quarter. 67.54% of the stock is owned by institutional investors and hedge funds.

About Advanced Micro Devices

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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