Trade Report: Today, Advanced Micro Devices Inc. (AMD) Receives “Buy” Rating from Jefferies Group

Today, Advanced Micro Devices Inc. (AMD) Receives “Buy” Rating from Jefferies Group

Jefferies Group reissued their buy rating on shares of Advanced Micro Devices Inc. (NASDAQ:AMD) in a research note issued to investors on Monday morning. They currently have a $9.00 price target on the semiconductor manufacturer’s stock.

Several other analysts have also recently commented on AMD. Vetr raised shares of Advanced Micro Devices from a sell rating to a hold rating and set a $5.08 price target on the stock in a research note on Monday, July 25th. Credit Suisse Group AG increased their price target on shares of Advanced Micro Devices from $3.50 to $5.50 and gave the company an underperform rating in a research note on Friday, July 22nd. Canaccord Genuity reissued a buy rating and set a $6.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, July 19th. JPMorgan Chase & Co. reissued a hold rating and set a $6.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, July 26th. Finally, Susquehanna assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, September 20th. They set a neutral rating and a $6.50 price target on the stock. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Advanced Micro Devices presently has a consensus rating of Hold and an average price target of $5.65.

Shares of Advanced Micro Devices (NASDAQ:AMD) opened at 6.67 on Monday. The firm’s market capitalization is $5.31 billion. The firm’s 50-day moving average is $6.64 and its 200 day moving average is $5.26. Advanced Micro Devices has a 52 week low of $1.75 and a 52 week high of $8.00.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.89 million. Equities research analysts forecast that Advanced Micro Devices will post ($0.19) EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in Advanced Micro Devices during the third quarter worth about $2,764,000. Creative Planning increased its stake in 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 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 acquired a new stake in Advanced Micro Devices during the second quarter worth about $1,507,000. Finally, Calvert Investment Management Inc. acquired a new stake in Advanced Micro Devices during the second quarter worth about $173,000. 41.43% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Company Profile

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