Advanced Micro Devices (NASDAQ: AMD) saw its price target raised by Mizuho stock analysts from $135.00 to $150.00 in a report on Thursday, reports The Fly. Mizuho’s price target indicates a potential upside of 9.11% from the stock’s previous close.
Several other stock analysts have also recently weighed in on AMD. Rosenblatt Securities raised its price target on Advanced Micro Devices from $150.00 to $180.00 and assigned the company a “buy” rating in a Wednesday, October 27 research note. The Erste Group moved Advanced Micro Devices from a “buy” rating to a “hold” rating in a Thursday, Dec. 9 research note. Craig Hallum raised his price target on Advanced Micro Devices from $120.00 to $150.00 and gave the company a “Buy” rating in a Wednesday, October 27 research note. Bank of America raised its price target on Advanced Micro Devices from $135.00 to $150.00 and gave the company a “buy” rating in a Wednesday, October 27 research note. Finally, Raymond James raised his price target on Advanced Micro Devices from $110.00 to $140.00 and gave the stock an “outperform” rating in a Wednesday, October 27 report. One equity research analyst gave the stock a sell rating, eleven gave the stock a hold rating and twenty gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $139.27.
Shares of Advanced Micro Devices opened at $137.47 on Thursday. The company’s 50-day moving average price is $145.39 and its two-hundred-day moving average price is $119.21. Advanced Micro Devices has a 52 week low of $72.50 and a 52 week high of $164.46. The stock has a market capitalization of $166.01 billion, a PE ratio of 42.56, a growth price-earnings ratio of 0.98 and a beta of 1.87.
Advanced Micro Devices Inc (NASDAQ:AMD) last released its quarterly results on Monday, October 25. The semiconductor maker reported earnings per share of $0.73 for the quarter, beating the Zacks consensus estimate of $0.67 by $0.06. The company posted revenue of $4.31 billion for the quarter, versus $4.11 billion expected by analysts. Advanced Micro Devices had a return on equity of 40.18% and a net margin of 26.72%. Advanced Micro Devices revenue increased 54.0% year-over-year. In the same quarter last year, the company posted EPS of $0.35. Equity research analysts expect Advanced Micro Devices to post EPS of 2.38 for the current fiscal year.
In other news, Executive Vice President Paul Darren Grasby sold 13,013 shares of the company in a trade on Thursday, October 28. The stock was sold at an average price of $121.71, for a total transaction of $1,583,812.23. The sale was disclosed in an SEC filing, available on the SEC’s website. Additionally, Executive Vice President Mark D. Papermaster sold 55,000 shares in a trade dated Friday, October 15. The shares were sold at an average price of $111.89, for a total value of $6,153,950.00. The disclosure of this sale can be found here. Insiders sold 566,047 shares of the company worth $80,797,824 in the past 90 days. Insiders of the company hold 1.00% of the shares of the company.
Major investors have recently increased or reduced their stakes in the company. Carolinas Wealth Consulting LLC increased its stake in Advanced Micro Devices by 127.1% in the second quarter. Carolinas Wealth Consulting LLC now owns 268 shares of the semiconductor maker valued at $25,000 after buying an additional 150 shares during the period. MCF Advisors LLC increased its stake in Advanced Micro Devices by 252.8% in the third quarter. MCF Advisors LLC now owns 254 shares of the semiconductor maker valued at $26,000 after buying an additional 182 shares during the period. Jones Financial Companies Lllp acquired a new position in Advanced Micro Devices in the third quarter worth approximately $33,000. Wagner Wealth Management LLC increased its stake in Advanced Micro Devices by 35.9% in the third quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor maker valued at $34,000 after buying an additional 75 shares during the period. Finally, Jacobi Capital Management LLC increased its position in shares of Advanced Micro Devices by 41.3% during the second quarter. Jacobi Capital Management LLC now owns 452 shares of the semiconductor maker worth $42,000 after buying 132 additional shares during the period. 67.54% of the shares are currently held by hedge funds and other institutional investors.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc engages in supplying semiconductor businesses. It operates through the following segments: IT and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes processors and chipsets for desktop and notebook computers, discrete and integrated graphics processing units, data centers and professional GPUs, and development services.
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