Advanced Micro Devices (NASDAQ:AMD) Price Target Raised to $152.00

Advanced Micro Devices (NASDAQ:AMD - Free Report) had its price target raised by Mizuho from $135.00 to $152.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the semiconductor manufacturer's stock.

AMD has been the topic of a number of other research reports. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a research report on Thursday, May 8th. Raymond James Financial reissued an "outperform" rating and set a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. TD Cowen raised their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Finally, Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.74.

Advanced Micro Devices Trading Down 0.4%

AMD stock traded down $0.59 during midday trading on Thursday, hitting $137.93. 28,645,993 shares of the company's stock were exchanged, compared to its average volume of 42,135,071. The company has a market cap of $223.64 billion, a PE ratio of 101.42, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The stock's fifty day moving average price is $117.01 and its 200-day moving average price is $111.49. Advanced Micro Devices has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the business posted $0.62 EPS. The company's revenue for the quarter was up 35.9% on a year-over-year basis. Research analysts predict that Advanced Micro Devices will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of large investors have recently added to or reduced their stakes in AMD. Brighton Jones LLC increased its stake in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after purchasing an additional 29,825 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Advanced Micro Devices by 3.4% during the 4th quarter. Keybank National Association OH now owns 65,226 shares of the semiconductor manufacturer's stock worth $7,879,000 after buying an additional 2,173 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $326,000. Institutional investors and hedge funds 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.