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

Advanced Micro Devices (NASDAQ:AMD) had its price objective decreased by Mizuho from $160.00 to $140.00 in a research note released on Wednesday morning,Benzinga reports. Mizuho currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other research firms also recently commented on AMD. TD Cowen dropped their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Piper Sandler reduced their price objective on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Advanced Micro Devices Stock Down 2.4 %

AMD stock opened at $107.56 on Wednesday. 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 firm’s 50-day simple moving average is $124.01 and its 200 day simple moving average is $140.18. The stock has a market cap of $174.55 billion, a PE ratio of 96.90, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices has a fifty-two week low of $106.50 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. As a group, sell-side analysts predict that Advanced Micro Devices will post 2.54 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of institutional investors have recently modified their holdings of the company. Creative Capital Management Investments LLC grew its stake in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the last quarter. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $32,000. Institutional investors own 71.34% of the company’s stock.

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.