Advanced Micro Devices Inc. (NASDAQ:AMD) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm presently has a $10.53 target price on the semiconductor manufacturer’s stock. Vetr‘s price target points to a potential upside of 19.66% from the company’s current price.
AMD has been the subject of several other research reports. Sanford C. Bernstein began coverage on Advanced Micro Devices in a research report on Wednesday, September 21st. They issued an “underperform” rating and a $3.00 price target for the company. Northland Securities reaffirmed an “outperform” rating and issued a $8.50 price target on shares of Advanced Micro Devices in a research report on Sunday, October 23rd. Deutsche Bank AG lifted their price target on Advanced Micro Devices from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Wednesday, September 14th. Zacks Investment Research lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.28.
Advanced Micro Devices (NASDAQ:AMD) remained flat at $8.80 during trading on Tuesday. The firm’s market capitalization is $8.16 billion. Advanced Micro Devices has a 12-month low of $1.75 and a 12-month high of $9.22. The company has a 50 day moving average of $7.13 and a 200 day moving average of $6.05.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Thursday, October 20th. The semiconductor manufacturer reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) EPS. Analysts forecast that Advanced Micro Devices will post ($0.15) EPS for the current fiscal year.
In other news, SVP Mark D. Papermaster sold 271,454 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $6.61, for a total transaction of $1,794,310.94. Following the transaction, the senior vice president now owns 1,032,492 shares of the company’s stock, valued at approximately $6,824,772.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James Robert Anderson sold 350,818 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $7.50, for a total value of $2,631,135.00. Following the completion of the transaction, the senior vice president now directly owns 771,152 shares in the company, valued at approximately $5,783,640. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AMD. ClariVest Asset Management LLC acquired a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $2,853,000. LMR Partners LLP increased its position in shares of Advanced Micro Devices by 952.7% in the second quarter. LMR Partners LLP now owns 302,482 shares of the semiconductor manufacturer’s stock valued at $1,555,000 after buying an additional 273,749 shares during the period. K.J. Harrison & Partners Inc acquired a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $257,000. Strs Ohio increased its position in shares of Advanced Micro Devices by 429.6% in the second quarter. Strs Ohio now owns 118,100 shares of the semiconductor manufacturer’s stock valued at $607,000 after buying an additional 95,800 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $4,388,000. 45.63% of the stock is currently owned by institutional investors.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.