Mizuho Cuts Advanced Micro Devices (NASDAQ:AMD) Price Target to $160.00

Advanced Micro Devices (NASDAQ:AMD) had its price objective trimmed by Mizuho from $180.00 to $160.00 in a research note published on Friday,Benzinga reports. The firm currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other research firms also recently issued reports on AMD. Evercore ISI lifted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. UBS Group cut their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. TD Cowen dropped their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Barclays reduced their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.22.

Advanced Micro Devices Trading Down 4.8 %

Shares of AMD stock opened at $116.04 on Friday. The firm has a market capitalization of $188.31 billion, a P/E ratio of 104.54, a P/E/G ratio of 1.88 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $132.58 and its 200 day simple moving average is $146.57. Advanced Micro Devices has a twelve month low of $114.45 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices will post 2.54 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. Insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in the stock. Tilia Fiduciary Partners Inc. lifted its stake in shares of Advanced Micro Devices by 4.1% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 18,780 shares of the semiconductor manufacturer’s stock valued at $2,268,000 after buying an additional 731 shares during the period. Atlas Brown Inc. increased its stake in shares of Advanced Micro Devices by 11.0% during the 4th quarter. Atlas Brown Inc. now owns 1,968 shares of the semiconductor manufacturer’s stock valued at $238,000 after acquiring an additional 195 shares during the last quarter. Jacobs & Co. CA lifted its holdings in shares of Advanced Micro Devices by 13.2% during the 4th quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer’s stock worth $10,753,000 after acquiring an additional 10,404 shares during the period. Sage Capital Advisors llc grew its holdings in Advanced Micro Devices by 1.6% in the fourth quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer’s stock valued at $771,000 after purchasing an additional 98 shares during the period. Finally, Watts Gwilliam & Co. LLC increased its position in Advanced Micro Devices by 151.6% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer’s stock worth $2,455,000 after purchasing an additional 11,616 shares during the last quarter. Hedge funds and other institutional investors 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.