Advanced Micro Devices (NASDAQ:AMD) PT Lowered to $140.00 at Mizuho

Advanced Micro Devices (NASDAQ:AMDGet Rating) had its price target trimmed by Mizuho from $145.00 to $140.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

AMD has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Advanced Micro Devices from $85.00 to $95.00 and gave the company a hold rating in a report on Wednesday. The Goldman Sachs Group reissued a buy rating and issued a $112.00 price target (up previously from $99.00) on shares of Advanced Micro Devices in a report on Thursday. Barclays decreased their price target on shares of Advanced Micro Devices from $115.00 to $85.00 and set an equal weight rating for the company in a report on Monday, July 11th. Susquehanna Bancshares decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set a positive rating for the company in a report on Wednesday, July 13th. Finally, Cowen reduced their target price on shares of Advanced Micro Devices from $160.00 to $120.00 and set an outperform rating for the company in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of Moderate Buy and an average target price of $125.93.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $102.31 on Wednesday. The firm has a fifty day moving average of $88.51 and a two-hundred day moving average of $100.24. The stock has a market capitalization of $165.16 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 0.94 and a beta of 1.96. Advanced Micro Devices has a 52 week low of $71.60 and a 52 week high of $164.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. During the same quarter in the previous year, the business posted $0.58 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices will post 3.97 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total value of $2,517,111.06. Following the completion of the transaction, the executive vice president now directly owns 37,800 shares in the company, valued at $2,910,222. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Devinder Kumar sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the transaction, the chief financial officer now directly owns 504,370 shares in the company, valued at approximately $51,667,662.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total value of $2,517,111.06. Following the transaction, the executive vice president now owns 37,800 shares of the company’s stock, valued at $2,910,222. The disclosure for this sale can be found here. Insiders sold a total of 81,660 shares of company stock worth $7,462,511 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. MBM Wealth Consultants LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. AlphaCentric Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Delos Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 95.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 115 shares during the last quarter. Aquire Wealth Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $36,000. Finally, Sycomore Asset Management acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $32,000. 69.61% of the stock is currently owned by institutional investors.

About Advanced Micro Devices

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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