Mizuho Raises Advanced Micro Devices (NASDAQ:AMD) Price Target to $152.00

Advanced Micro Devices (NASDAQ:AMD) had its price target hoisted by stock analysts at Mizuho from $135.00 to $152.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s price objective indicates a potential upside of 10.20% from the company’s previous close.

Several other research analysts also recently commented on AMD. Loop Capital decreased their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $132.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a report on Friday, June 13th. Finally, Citigroup reiterated a “neutral” rating and set a $120.00 price target (up from $100.00) on shares of Advanced Micro Devices in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $138.74.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $137.93 on Thursday. Advanced Micro Devices has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $223.64 billion, a PE ratio of 101.42, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05. The stock has a 50-day moving average price of $117.84 and a 200-day moving average price of $111.58.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. As a group, equities analysts forecast that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has approved a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock worth $31,958,000 after buying an additional 29,825 shares during the period. Keybank National Association OH lifted its stake in Advanced Micro Devices by 3.4% in the fourth quarter. Keybank National Association OH now owns 65,226 shares of the semiconductor manufacturer’s stock valued at $7,879,000 after buying an additional 2,173 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $326,000. Institutional investors and hedge funds 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.