Mizuho Issues Positive Forecast for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its price target upped by equities researchers at Mizuho from $183.00 to $205.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s target price indicates a potential upside of 11.16% from the company’s previous close.

A number of other research firms have also recently commented on AMD. Jefferies Financial Group raised their target price on shares of Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Susquehanna raised their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a research note on Wednesday, July 30th. DZ Bank upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $165.00 target price on the stock in a research note on Thursday, August 7th. Truist Financial raised their target price on shares of Advanced Micro Devices from $111.00 to $173.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.12.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $184.42 on Thursday. The firm’s 50 day moving average price is $148.18 and its 200-day moving average price is $119.36. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $186.65. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $299.28 billion, a PE ratio of 105.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the company earned $0.69 EPS. Advanced Micro Devices’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices will post 3.87 EPS for the current year.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Institutional Trading of Advanced Micro Devices

A number of large investors have recently made changes to their positions in AMD. Pinney & Scofield Inc. raised its holdings in shares of Advanced Micro Devices by 81.0% in the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares in the last quarter. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC raised its holdings in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Finally, Kozak & Associates Inc. raised its holdings in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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.