Mizuho Has Lowered Expectations for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD) had its price target decreased by Mizuho from $140.00 to $120.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s price target would suggest a potential upside of 18.85% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Wedbush reaffirmed an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Benchmark reaffirmed a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. KeyCorp lowered their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Melius Research reissued a “hold” rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $100.97 on Friday. The firm has a market cap of $163.62 billion, a PE ratio of 101.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. Advanced Micro Devices has a 12-month low of $94.73 and a 12-month high of $193.50. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $112.05 and its two-hundred day simple moving average is $133.23.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts expect that Advanced Micro Devices will post 3.87 EPS for the current year.

Insider Activity

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Advanced Micro Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the last quarter. State Street Corp lifted its position in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC lifted its position in Advanced Micro Devices by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after purchasing an additional 835,413 shares in the last quarter. Fisher Asset Management LLC lifted its position in Advanced Micro Devices by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock valued at $2,909,350,000 after purchasing an additional 290,784 shares in the last quarter. Finally, Norges Bank purchased a new position in Advanced Micro Devices during the fourth quarter valued at $2,867,193,000. 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.