The Advanced Micro Devices Inc. (AMD) Upgraded to Neutral by Credit Suisse Group AG

The Advanced Micro Devices Inc. (AMD) Upgraded to Neutral by Credit Suisse Group AG

Credit Suisse Group AG upgraded shares of Advanced Micro Devices Inc. (NASDAQ:AMD) from an underperform rating to a neutral rating in a research report released on Wednesday. Credit Suisse Group AG currently has $7.00 price objective on the semiconductor manufacturer’s stock, up from their previous price objective of $5.50.

“Turnaround Under Way, But Already Pricing In Some Success,” the firm’s analyst wrote.

A number of other analysts also recently weighed in on AMD. Morgan Stanley reaffirmed a sell rating and issued a $2.65 target price on shares of Advanced Micro Devices in a research report on Wednesday, June 15th. Canaccord Genuity raised shares of Advanced Micro Devices from a hold rating to a buy rating and upped their target price for the stock from $3.25 to $6.00 in a research report on Thursday, June 16th. Vetr raised shares of Advanced Micro Devices from a hold rating to a buy rating and set a $5.12 target price on the stock in a research report on Monday, June 27th. Wells Fargo & Co. reaffirmed a buy rating and issued a $6.00 target price (up from $5.25) on shares of Advanced Micro Devices in a research report on Thursday, June 30th. Finally, Sanford C. Bernstein downgraded shares of Advanced Micro Devices from a market perform rating to an underperform rating and set a $3.00 target price on the stock. in a research report on Friday, July 8th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Advanced Micro Devices has a consensus rating of Hold and an average target price of $5.65.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 6.5062 on Wednesday. Advanced Micro Devices has a 12-month low of $1.75 and a 12-month high of $8.00. The stock’s market cap is $5.18 billion. The company’s 50-day moving average is $6.71 and its 200-day moving average is $5.16.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The business earned $1.03 billion during the quarter, compared to analysts’ expectations of $951.89 million. On average, equities research analysts anticipate that Advanced Micro Devices will post ($0.19) earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the company. Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in shares of Advanced Micro Devices during the third quarter worth about $2,764,000. Creative Planning increased its stake in shares of Advanced Micro Devices by 61.6% in the third quarter. Creative Planning now owns 71,178 shares of the semiconductor manufacturer’s stock worth $492,000 after buying an additional 27,125 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Advanced Micro Devices by 3.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 222,162 shares of the semiconductor manufacturer’s stock worth $1,535,000 after buying an additional 7,894 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Advanced Micro Devices during the second quarter worth about $1,507,000. Finally, Calvert Investment Management Inc. bought a new stake in shares of Advanced Micro Devices during the second quarter worth about $173,000. Institutional investors own 41.45% of the company’s stock.

Advanced Micro Devices Company Profile

Related posts

Leave a Comment